Word: richmond
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Dates: during 1970-1979
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Like most conglomerates, Media General, Inc. has been concentrating on acquisitions. It has picked up the Newark Evening News and four smaller papers to add to its original pair in Richmond. Now it is taking a new tack, creating rather than buying a paper. Crammed with charts and up-to-the-minute analyses of 3,250 stocks, the 72 pages of Media General Financial Daily consist almost entirely of figures. They amount to a sort of stock-market racing form. The price: a dollar...
...father died. He set type, swept floors, and ran errands for the Asheville (N.C.) Weekly Advocate, working 60 hours a week for $12. In his spare time, Donnahoe studied law at home, and passed the North Carolina bar exams at 21 without a formal legal education. After moving to Richmond, he served as publicity and research director for the Chamber of Commerce there, studied the science of statistics in off hours, and soon became so expert that he was invited to lecture on the subject at the University of Richmond...
...Richmond Newspapers, Inc. (Times-Dispatch and News Leader) hired him in 1950 as research director and part-time editorial writer to work alongside the noted conservative James J. Kilpatrick. Donnahoe had risen to executive vice president by 1966 when D. Tennant Bryan, the patrician third-generation publisher, decided that the papers should go public. In 1969 the corporation was renamed Media General, with Bryan as chairman and Donnahoe as president...
...Winston-Salem Journal and Twin City Sentinel in North Carolina, as well as the Newark Evening News. Other acquisitions included a television station in Tampa and a cable-TV system in Fredericksburg, Va. Most of Media General's properties are profitable, but labor difficulties have dogged Donnahoe in Richmond and Newark...
Printers at the Richmond papers have been on strike since March, and a Newspaper Guild strike has shut down the Evening News in Newark since May. Donnahoe is determined not to give in to union demands. He has written several editorials praising nonstriking employees in Richmond for their "heroic publishing effort," and attacking "the overwhelming power of organized labor in this country" and "union tyranny." He kept the papers going by teaching other employees to set type. In the early days of the Richmond strike, he even pressed his wife into service as a tape puncher, and Chairman Bryan pitched...