Word: hedermans
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Dates: during 1950-1959
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This week, out of a brand-new printing press in Jackson, Miss., rolled a new daily: Jackson's State Times. The paper was launched with about $1,000,000 put up by 868 stockholders as an answer to the monopoly of the Hederman family's Jackson Clarion-Ledger and Daily News (TIME, Nov. 8). For its first run, the afternoon State Times printed more than 40,000 copies of a neatly made-up 32-page issue. State Times Chairman Dumas Milner, millionaire manufacturer and Chevrolet dealer who led the movement to start the newspaper, said that the State...
...Hedermans, a powerful old Mississippi family which has amassed a fortune in the state from real estate, printing and newspapering, were not satisfied. The seven members of the family, led by Clarion-Ledger Manager Robert Hederman Jr. and his cousin, Editor Tom Hederman Jr., quietly began buying up News stock, hoped to turn the News into the afternoon edition of the Clarion-Ledger. Last year when Editor Sullens and the other owners found out that the Hedermans were on the verge of taking control of the News, they tried to block them in court. After a long and bitter court...
Friends & Enemies. No one was more bitter over the sale of the News to the Clarion-Ledger than the citizens of Jackson. Businessmen feared the effects of an absolute Hederman newspaper monopoly; other readers resented the Hedermans' poor coverage of the news and special treatment for their friends and enemies...
...example, Mayor Allen Thompson, who refused to lower the assessment on a piece of Hederman property, was bitterly attacked, while a family friend who shot to death two people in a café was able to get the story buried deep inside the paper...
Last week Jacksonians, smarting under the Hedermans' new monopoly, took drastic action to end it. They banded together and raised $830,000 to launch a new daily, the State Times, in February. Its 672 owner-stockholders started to build a brand-new plant; they lined up newsprint and ordered $300,000 worth of linotypes, printing presses and teletypesetting equipment. They also have recruited more than a dozen staffers from the Hederman papers, hired as editor Norman Bradley, 41, who for the past seven years has been an editor of the Chattanooga Times, Southern cousin of the New York Times...