Word: heralds
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Dates: during 1960-1969
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Hearst, which folded its morning Examiner into the Herald-Express to take advantage of an afternoon monopoly, has fared just about as well with its renamed Los Angeles Herald-Examiner. Since 1903, when Hearst moved into Los Angeles, the chain has had trouble making a profit there; last year its two Los Angeles dailies dropped a thumping $3,000,000 between them. But Hearst's new afternoon hybrid, up to 721,026 in daily circulation (from 393,215), now claims to be making an occasional modest weekly profit...
Playing Second Fiddle. Hearst's Herald-Examiner remains a typical Hearst-paper, with a superabundance of lowbrow features and a superficial approach to the news. But the company has invested $1,000,000 in new mechanical equipment, added some 20 reporters to the staff and expanded its business coverage. Last week Hearst headquarters announced that after the turn of the year its Los Angeles hybrid will get a new editor to replace Herbert H. Krauch, 66, a Hearst veteran of 50 years. Krauch's replacement will be John Denson, 59, who recently quit as editor...
Historically second fiddle in Los Angeles, Hearst now aspires to make of the Herald-Examiner the daily that symbolizes the city. But with a giant's confidence, the Times rejects the Hearst paper as a serious rival in this or any other race. Instead, it keeps a wary eye on Los Angeles' newest and tiniest daily: the New York Times's month-old West Coast edition (100,000 in 13 Far West states). Said a Los Angeles Times editor last week: "As far as we're concerned, our only competitor in Los Angeles...
...months, the nation's champion newspaper hunter, Samuel I. Newhouse, 67, had stalked the enticing prey. Now it seemed all but in the bag. In Omaha, the World-Herald board of directors, their fears of absentee ownership apparently lulled by Newhouse assurances, accepted his bid of $40,065,780. All that intervened was a meeting of principal stockholders to ratify the board's decision. But last week, at the last moment. Outsider Newhouse lost his Omaha prize to a hometown...
...successful bidder, and the World-Herald's new proprietor, is Peter Kiewit (pronounced key-wit), 62, a spare, taciturn man who has spent all his working life in the construction business. Until just a few weeks ago, Kiewit's interest in the Omaha paper was simply that of a subscriber. But when he read an article about New Yorker Sam Newhouse's interest in Omaha, Kiewit decided to try to keep the outsider out. He was well-equipped...