History
The News was founded in 1873 by Edward Hubert Butler, Sr. as a Sunday paper. In 1880, the News began publishing daily editions as well, and in 1914, became an inversion of its original existence by publishing Monday through Saturday only, with no publication on Sunday. During most of its life, the News was known as The Buffalo Evening News. A gentleman's agreement between the Evening News and the Buffalo Courier-Express meant that the Evening News would be just that, while the Courier-Express would be a morning-only paper. Until 1977, the News did not publish on Sundays, as per this agreement with the Courier, and its weekend edition appeared on Saturday evening.
In 1977, Warren Buffett's Berkshire Hathaway purchased the Evening News, and began publishing on Saturday and Sunday mornings. After a period of financial decline, the Courier-Express published its last issue on September 19, 1982. That year, the Evening News shortened its name to The Buffalo News and until 2006, published morning and evening editions. On October 1, 2006, the News announced it would abandon its afternoon edition later that month, and publish only a morning issue. Now the newspaper has been profitable every year for the last ten years.
In 2009, Warren Buffett, CEO of Berkshire Hathaway, called his continued ownership of the newspaper "not totally rational", saying that the industry's practice of giving away its online content when charging for it in print has been a mistake.
Read more about this topic: The Buffalo News
Famous quotes containing the word history:
“I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passé abstractions like beauty, nobility, and greatness have a shifting but continuing validity.”
—Camille Paglia (b. 1947)
“There is a history in all men’s lives,
Figuring the natures of the times deceased,
The which observed, a man may prophesy,
With a near aim, of the main chance of things
As yet not come to life.”
—William Shakespeare (1564–1616)
“What has history to do with me? Mine is the first and only world! I want to report how I find the world. What others have told me about the world is a very small and incidental part of my experience. I have to judge the world, to measure things.”
—Ludwig Wittgenstein (1889–1951)