History
In late 1991, The Dallas Morning News became the lone major newspaper in the Dallas market when the Dallas Times Herald was closed after several years of circulation wars between the two papers, especially over the then-burgeoning classified advertising market. In July 1986, the Times Herald was purchased by William Dean Singleton, owner of MediaNews Group. After 18 months of efforts to turn the paper around, Singleton sold it to an associate. On 8 December 1991, Belo bought the Times Herald for $55 million, closing the paper the next day.
It was not the first time the Belo family had bought (and closed) a paper named The Herald in Dallas.
...1879 Alfred H. Belo was investigating the possibility of establishing a sister paper in rapidly developing North Texas. When Belo's efforts to purchase the Herald failed, he sent George Bannerman Dealey to launch a new paper, the Morning News, which began publication on October 1, 1885. From the outset the Morning News enjoyed the double advantage of strong financial support and an accumulation of journalistic experience, and within a month and a half had absorbed its older rival.Read more about this topic: The Dallas Morning News
Famous quotes containing the word history:
“[Men say:] “Don’t you know that we are your natural protectors?” But what is a woman afraid of on a lonely road after dark? The bears and wolves are all gone; there is nothing to be afraid of now but our natural protectors.”
—Frances A. Griffin, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 19, by Susan B. Anthony and Ida Husted Harper (1902)
“A great proportion of the inhabitants of the Cape are always thus abroad about their teaming on some ocean highway or other, and the history of one of their ordinary trips would cast the Argonautic expedition into the shade.”
—Henry David Thoreau (1817–1862)
“The history of reform is always identical; it is the comparison of the idea with the fact. Our modes of living are not agreeable to our imagination. We suspect they are unworthy. We arraign our daily employments.”
—Ralph Waldo Emerson (1803–1882)