Word: hearstly
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Dates: during 1920-1929
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Since February, newspapermen have been increasingly sure that William Randolph Hearst is, for the first time in his career, retrenching. The following deals are pertinent evidence...
...sold two tabloids, New York Daily Mirror and Boston Advertiser, to Alexander Pollock Moore, U. S. Ambassador to Peru, for a price which was said to be dirt cheap. (It was even hinted that this was a "dummy" sale and that Hearst privately remains the financial angel of the two tabloids...
...killed his third tabloid, Baltimore American, by merging it with his full-sized Baltimore News. This was part of a complicated compromise with his Baltimore rivals, the Sun-papers, by which he allowed the Evening Sun to get Associated Press rights without paying him one cent. Hearst had not been known before as a man of compromises...
These deals have been cited as confirmation of the report that Hearst has ordered his general manager, Col. William Franklin Knox, to cut down expenses by $10,000,000 this year...
...Hearst now has 24 newspapers, ten magazines, eight feature, news and film services, also the Cosmopolitan Book Corp. Indeed, there is no danger of the wolf growling at Hearst's door. Good Housekeeping alone is capable of buttering Hearst's bread and of satisfying his large passion for antiques. He may be old (65), but he is not yet ready to get out of journalism. Rather, he is trimming his properties, consolidating them, fertilizing the hardy ones, weeding out the weak ones; so that a banker can look at them and say: "They are a sound unit...