History
Paxton Media Group traces it roots to 1896, when a group of investors headed by William F. Paxton launched The Evening Sun by buying the assets of the failing Paducah Standard at 214 Broadway. The cost was $8,900, and the men started with $10,000 capital. The newspaper did not make a profit until 1918. In 1929, Paxton's son, Edwin J. Paxton, who had taken over as editor, bought out the rival News-Democrat. After the merger, the newspaper became The Sun-Democrat, and operations were moved to the current location at 408 Kentucky Avenue in 1934. The name changed to The Paducah Sun in 1978 at the request of Jack Paxton, editor at the time and grandson of Edwin J. Paxton.
At 4:20 p.m. May 28, 1957, WPSD television, (the PSD stands for Paducah Sun-Democrat) went on the air as the company-owned television station based in Paducah. It is an NBC affiliate.
The company operated only The Paducah Sun and WPSD-TV until 1989, when it began acquiring other newspapers.
Read more about this topic: Paxton Media Group
Famous quotes containing the word history:
“The history of the world is none other than the progress of the consciousness of freedom.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“We have need of history in its entirety, not to fall back into it, but to see if we can escape from it.”
—José Ortega Y Gasset (1883–1955)
“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)