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From time to time, he has owned many another. Among the journalistic corpses which litter his past are the New York Mail, swallowed by Frank R. Munsey; the Detroit Journal, swallowed by Hearst; the Memphis News-Scimitar; a paper in Lancaster, Pa. These he bought and then sold. But he rejects vigorously the idea that he is a newspaper broker. "It is a good business," he says, "but it is not my business." He sold the Mail, he explains, because neither he nor his partner, Henry L. Stoddard, had the money to carry on. The Journal was a sacrifice...

Author: /time Magazine | Title: The Press: Friend Block | 8/13/1928 | See Source »

...centuries, it was believed lost. An art dealer, A. S. Drey, discovered it, sold it to the Metropolitan Museum for a sum not definitely known but rumored to range anywhere from $150,000 to $1,000,000. Funds were forthcoming from the endowment granted by the late Frank A. Munsey...

Author: /time Magazine | Title: Art: Prince | 4/25/1927 | See Source »

...Herald, oldest daily newspaper in Birmingham, Ala., was sold last week. The buyer was E. D. DeWitt of Manhattan who used to manage the late Grocer-Publisher Frank A. Munsey's New York Herald. Mr. DeWitt told Birmingham two things: 1) that he had paid the Age-Herald's previous owners a "handsome profit" on their original investment; 2) that he was not going to change the staff or policies that had kept the Age-Herald "in step with the best thought of the community." These were good businesslike statements by a man entering a booming city...

Author: /time Magazine | Title: The Press: Chapter Heading | 3/21/1927 | See Source »

...Then Chairman Roy W. Howard of the Scripps-Howard organization announced that he had bought the New York Telegram, for a price not named, from the man who only lately acquired it (together with the N. Y. Sun), William T. Dewart, longtime henchman of its late publisher, Frank A. Munsey (TIME, Oct. 11) To the Telegram's 200,000 readers, Mr. Howard, smart resident of New York, said: ". . . No radical changes . . . our nationwide experience...

Author: /time Magazine | Title: The Press: Epidemic | 2/21/1927 | See Source »

...from his home, Bath, Me. Editor Dana invited him to work at the then fabulous salary of $50 per week. This rose to $20,000 a year during the many years that Mr. Mitchell penned the Sun's leading editorials, famed for their tart penetration. When the late Publisher Munsey purchased the Sun (1916) he retained Mr. Mitchell as editorial chief. Not until last year did Mr. Mitchell retire...

Author: /time Magazine | Title: Milestones: Jan. 31, 1927 | 1/31/1927 | See Source »

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