Word: trib
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Maryland McCormick, wife of the Chicago Tribune's Publisher Robert Rutherford McCormick and writer of a weekly column for the Trib and Washington's Post and Times-Herald, had what seemed like a stroke of bad luck. Laid up with bronchitis, she could not get around to scout up subjects for her column, passed the time talking to her upstairs maid, who has worked in the household for more than 30 years. The result was a lively column about Prime Minister Churchill, when he was the house guest of Anglophobe Colonel McCormick 25 years...
...Times-Herald was in deep trouble. Circulation slumped steadily and advertising dropped off. Furthermore, the colonel was having problems with the rich Trib, whose circulation has fallen 17.6% from its 1946 peak. Two months ago, Post Chairman Meyer, who had tried to buy the T-H before, heard that the colonel was fed up with the Times-Herald and dispatched an emissary to McCormick's winter home in Boynton Beach, Fla. to sound him out about selling the paper...
Dissenting Voice. A fortnight ago, Philip Graham, 38, Post publisher and president and Meyer's son-in-law, got a mysterious phone call from a Trib vice president, who said guardedly: "There's a point to our meeting. It's brand-new to me." Phil Graham went out hastily to the airport to meet his father-in-law, returning from a Jamaica vacation, immediately started a series of meetings to buy the paper. Meyer insisted from the beginning that the negotiations be kept a complete secret and that there be no haggling over the price. He offered...
When the colonel and Meyer were in agreement, the Trib board was called together to discuss Meyer's bid. There was a dissenting voice: Ruth ("Bazy") Miller Tankersley, the colonel's niece, who was forced out as editor of the TimesHerald three years ago because the colonel disapproved of the way she was running the paper as well as of her divorce and her interest in a T-H editor, whom she later married. Bazy Tankersley, shocked to hear that the paper was to be sold, asked time to try to raise money to buy the Times-Herald...
...pledges for about $4,000,000, but when she asked the colonel for time to raise more, he said "No, no, no." The colonel was determined to sell to Meyer because he respected him as a professional newspaperman. The colonel did not want to sell to "amateurs." The Trib board met again, approved the sale to the Post. Bazy Tankersley was so angered by her uncle's action in selling the paper that she said "I hope I never see him again," took big, black-bordered "sympathy" ads in the Star and News to express her bitter regret over...