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: 
AttachmentSize
PDF icon CIA-RDP88-01314R000300180082-4.pdf64.12 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