TIME WANTS TO PURCHASE NEWARK NEWS
Document Type:
Collection:
Document Number (FOIA) /ESDN (CREST):
CIA-RDP88-01314R000300180082-4
Release Decision:
RIFPUB
Original Classification:
K
Document Page Count:
1
Document Creation Date:
December 16, 2016
Document Release Date:
October 7, 2004
Sequence Number:
82
Case Number:
Publication Date:
January 20, 1968
Content Type:
NSPR
File:
Attachment | Size |
---|---|
![]() | 64.12 KB |
Body:
Approved For Release 201 CIA R~P8>Ou 3 RO W3 0180082-4
OZO )o-.u.A oAY i f G P
Soc. X4.0 L. -1 ..ThnE
newark Ne
t 's
1'o Purcha
.s
-Time Want
pany, acknowledged th
ago. Edward W. Scud
was desirous of buying f
ark News, which has
circulation evening and
stock transaction. -_by S. I. Newhouse, and from
Reports that the m hometown dailies and weeklies
concern (Time, Life, F ip the many communities that
iio~
Little, Brown & Co., Bost
00 the Evening News Pub
The approach to mem
the Scudder family, who
Chasing one or more news
paper property but it would un-
doubtedly exceed that amount by
a considerable sum. Only last
Wk the News completed a
plant at a cost in excess
million.
mime Inc. reported net incon
if $37.2 million for 1966 and
44.7 for nine months of 1967
The corporation has many otheZ
=terprises than the three mag--
fines and its diversification had
lien planned to fit under the
`,`knowledge industry" umbrella.
The Newark News is the large
and its competition comes from
the Newark Star-Ledger (morn(-
-;jDg and Sunday) which is owned
At commuter terminals and off.
__ ewsstands as far uptown ak
Grand Central Station, the
Newark News has had a growin
sale in Manhattan since th
departure of the World Journa
Tribune and its three predeces=-
sors. The Newark paper gives a
formal negotiations. -strong play to New York stories
of
r - n? Bred by its own staffers and +~e
4t per distributes an edition with late
-116 present values, the acquisi-
tia1 of Little, Brown & Co.
would involve stock worth about
Approved For Release 2004/10/28 : CIA-RDP88-01314R000300180082-4