History
The Daily News was founded by Melville E. Stone, Percy Meggy, and William Dougherty in 1875 and began publishing early the next year. It strove for mass readership in contrast with its primary competitor, the Chicago Tribune, which was more influential among the city's elites; for many years, the Daily News boasted a 1ยข newsstand price. Byron Andrews, fresh out of Hobart College, was one of the first reporters. Victor F. Lawson bought the Chicago Daily News in 1876 and became its business manager. Stone remained involved as an editor and later bought back an ownership stake, but Lawson took over full ownership again in 1888.
Read more about this topic: Chicago Daily News
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