Word: sackett
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Dates: during 1940-1949
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...nervous hands of a baker's dozen of local businessmen stockholders. But after a close look at Publisher Howard Parish's records he backed away; they showed that the Star was losing over $700 a day. Stern had planned to take over the option of Sheldon Sackett, an over-extended Northwest press lord. On July 31 the option lapsed, but Stern kept on dickering...
Wrap It Up. Sackett got into the newspaper business at eight, with a product printed on wrapping paper in Sheridan, Ore., has been fascinated by it ever since...
Interviewers who tried to pin down Sheldon Sackett found him as jumpy as a flea circus, and as vague as a summer breeze. He likes crimson shirts and flossy hotel suites, which he roams with Groucho Marxian energy, gulping strategically placed drinks of Scotch, nibbling toast, bawling into telephones, thrusting laploads of handouts on his visitors. The handouts range from his financial statements (sound enough) to his theories about what ails the U.S. press (mostly sound effects...
...five years a dozen Seattle businessmen, most of whom knew nothing about newspapering, had owned the Star. Last week they sold out (for a profitable $400,000) to a flashily rising press lord the Pacific Northwest was suddenly hearing about. In less than a month Sheldon F. (for Fred) Sackett, 44, had bought the Vancouver (Wash.) Sun, acquired a weekly (he rechristened it the Sun, too) across the Columbia River at Portland, Ore., and snatched, for a small down payment, a million-dollar Portland printing plant. He had served notice on Portland's venerable Oregonian and the Oregon Journal...
...settled down at Coos Bay, a busy lumber town on Oregon's southern coast, where he began saving for his present big expansion, largely financed by Cleveland Newspaper Broker Smith Davis. Sackett decided that his chain would be "owned by the men who run it, run by the men who own it." The motto will appear on the masthead of the Seattle Star, and Sackett's employees will "eventually" hold (but may not bequeath) 49% of the stock. The new boss said airily that he was out to "restore the press to the people." Seattle would be satisfied...