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:
“It is the true office of history to represent the events themselves, together with the counsels, and to leave the observations and conclusions thereupon to the liberty and faculty of every man’s judgement.”
—Francis Bacon (1561–1626)
“One classic American landscape haunts all of American literature. It is a picture of Eden, perceived at the instant of history when corruption has just begun to set in. The serpent has shown his scaly head in the undergrowth. The apple gleams on the tree. The old drama of the Fall is ready to start all over again.”
—Jonathan Raban (b. 1942)
“Jesus Christ belonged to the true race of the prophets. He saw with an open eye the mystery of the soul. Drawn by its severe harmony, ravished with its beauty, he lived in it, and had his being there. Alone in all history he estimated the greatness of man.”
—Ralph Waldo Emerson (1803–1882)