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:
“The history is always the same the product is always different and the history interests more than the product. More, that is, more. Yes. But if the product was not different the history which is the same would not be more interesting.”
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“As History stands, it is a sort of Chinese Play, without end and without lesson.”
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