Word: journalism
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Dates: during 1930-1939
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Atlanta also has the fabulous Candlers (Coca-Cola); the Grays, who last week sold the venerable Journal (see p. 35); James H. Nunnally (candy) and Steve Lynch, who took fortunes out of Florida's real-estate boom; John K. Ottley and Thomas K. Glenn (banking); Southern Railway's Vice President Robert Baker ("Bob") Pegram 3rd, who is the city's No. 1 railroader. These and their kind once would have lived on Peachtree Street (where dogwood blooms in the spring, but there are no peach trees). Now most of the rich live in lush Druid Hills...
...Atlanta. Last week that rumor ripened into fact. Dayton Publisher James Middleton Cox, thrice Governor of Ohio. Democratic candidate for President of the United States in 1920 against Ohio Publisher Warren Gamaliel Harding, stepped from a plane in Atlanta to announce that he had bought two papers: the Atlanta Journal and William Randolph Hearst's Atlanta Georgian. With them he got the Journal's 50,000-watt radio station, WTSB, and a 40% interest in another, less important transmitter, WAGA...
...Journal outfit cost Publisher Cox $1,943,685 in cold cash (for a 70% interest), plus an agreement to pay $761,400 more for the remaining 30% of its stock. For the Georgian, he gave Hearst $800,000, of which $300,000 was for good will. So Mr. Cox's Atlanta purchases cost him a total of approximately $3,500,000. To Cleveland Financier M. Smith Davis, for negotiating 1939's biggest newspaper deal, went a commission of over...
...Georgian suspended publication at week's end, turning its features and news services over to the Journal. That left Atlanta with just two daily newspapers, one of them Clark Howell's famed old Constitution. For years the Journal and the Constitution, both owned by influential Atlanta families, have combined to fight the Georgian, Hearst's Yankee interloper. With the Georgian gone, Atlanta can look forward to a hot battle between Journal and Constitution...
...well known nationally as the Constitution, the Journal has a bigger name in Georgia. Last year, with 97,850 circulation, it had passed the Constitution (91,007), was Atlanta's biggest newspaper. It ranked third in the South, after the Memphis Commercial Appeal (124,010) and the New Orleans Times-Picayune (109,825), almost lived up to its slogan: "The Journal Covers Dixie Like the Dew." Atlanta newsmen used to wisecrack: "Yeah, it's all wet!" For the Journal had grown fat and stodgy; its editorial stand was typified by an annual piece called March Comes...