Word: sackett
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...sell the paper for $1,525,000 (TIME, Nov. 16), Smith changed his mind. "There is nothing wrong with the Daily News," said he, "that more circulation would not cure." Then he announced that the sale of the paper was called off because the buyer, Publisher Sheldon F. Sackett of the Coos Bay (Ore.) Times, had "failed to put up financial and collateral requirements as specified...
Nonsense, replied Sackett from San Francisco. "Mr. Smith accepted down payments, collateral and notes in the amount of $580,000, and secured by adequate collateral." Furthermore, Sackett said he has sent Smith checks to keep the ailing News going. Added Sackett sharply: "Smith is now an employee of my corporation...
...Dorothy Schiff. But even those who were interested have been scared off by one grim fact: the ailing News is losing an estimated $75,000 or more a month. Last week the News turned up with a buyer who appeared not to be afraid of that fact. Sheldon F. Sackett, publisher of the Coos Bay (Ore.) daily Times, offered to pay $1,525,000 for the News. Sackett paid down a $20,000 deposit and got the signature of News Publisher Robert Smith on an "agreement for purchase" of the paper. To meet the terms of the contract, Sackett must...
Sheldon F. Sackett, said J. W. McInturff, the head of the law firm, lately changed his ways and his corporate name to Sheldon Fred Sackett. "We loved Sheldon F. Sackett, but we cannot live with Sheldon Fred Sackett...
...Sackett the lawyers loved built his Coos Bay Times (circ. 8,930) into a daily that nets close to $75,000 a year and has a brand-new plant. From his publishing earnings Sackett has also picked up control of two money-making radio stations, and now has an option on a TV station in Vancouver, Wash, as well as the San Leandro, Calif, daily News-Observer (5,473). In periods of expansiveness. Sackett has been known to roam the coast picking up options to buy papers as lightly as he tosses off philosophic oratory from William James, Santayana...