New-York tribune., 1918-05-01
New York Publisher Will
Consolidate 1t With
"The Examiner"
Brisbane To Be Editor
Only Two Morning Papers
Now Left in the Windy
City


posted in the Offices of "The Herald"
and The Examiner" this afternoon an
nouncinF that "The Herald" had been
sold to the Illinois Printing and Pub
fishing Company, which is the title
chosen by William Randolph Hearst
under which his papers are published
IN this state. Formal notices were also
sent to other newspaper Offices and the
press associations stating that Arthur
Brisbane would be the editor of "The
Herald" and "The Examiner" and that
James Kelley would go to Europe on a
war mission and expected to be absent
for three months.
Negotiations have been under way
Tor ABOUT three months. There are in
tlmatlons that the transfer was talked
OF as long ago as last July. and that a
deal was nearly closed at that time.
The most persistent rumor up to week
ago was that the Curtis Publishing
Company, of Philadelphia, had an op-
tion on "Thc Herald" and planned to
put IN Alexander Moore, of Pittsburgh,
as the active representative. About a
week ago the rumors that Hearst was
dlckering for. "The Herald" became
acute, an finally resulted in the closing
OF the transaction this afternoon.
Hearst arrived here to-day and the
negotiations were speedily concluded
under his direct supervision. BY the
move ne obtains an Associated Press
franchise in Chicago, something he has
long desired. He also takes over the
United Press franchise held by "The
Herald" 1t is understood he will pub
ilsh the merged paper from the Hearst
building, where "The Examiner" is now
located and sell "The Herald" plant.
Many Lose Positions
Many of the executive men of "The
HERALD have already been snapped up
by "The Tribune" and some of the
Chicago evening papers and others are
going to New York and other cities, but
large number Of employees, men and
gray in the service of the paper through
its various vicissitudes. are thrown out
OF employment.
:, Mr.. Brisbane, it is learned, will spend
three days week in Chca 60. He re-
fused to give up his supervision Of
The Washington Timcs,"- which he
owns, and will pass two days week on
the Tn train coming and going between
Washington and Chicago.
The Herald" has been very active
IN supporting the national Admins
tration in ali war measures. and the
public regrets that it is to fall out at
this time. In the discussion around
financial circles, there are estimates
that 1.-THE Herald" has been losing at
the rate of from $25OOOO to $350,00O
annually. 1t started four wears ago
debt free, and it is said it had ST.
100000 cash as working capital in
bank and more to draw upon. 1t was
built up on the wreckage of the old
"Record-Herald" and "Inter- Ocean. :"
The latest deal leaves Chicago with
only two morning papers for a popula-
tion of 100000.
There is no hint as to how much
money was involved in to-day's trans
action and the principals will not dis
cuss it.
"The Herald's" Announcement
"The Herald's" announcement of the
transaction was as follows:
"This amalgamation of two great
newspapers, making for still greater
efficiency in news and other depart
ments, applies to both daily and Sun
day editions.
"Consolidation, in line with modern
business and newspaper development,
offers opportunity for greater service
to the public, simplifies the work of the
newsdealer in his distribution, and
concentrates the power Of the business
man in his announcements.
"The interests of The Examiner
property will be represented in the new
editorshir by Arthur Brisbane.
"Mr. James Keeley has been invited
abroad by two European governments
for war work, to make certain investi-
cation and report to the American
people.
"Mr. Kelley will be absent from
America approximately three months.
He will serve The Herald and Ex-
aminer' in an advisory capacity, and it
is hoped and expected that upon his
return to this country Mr.. Kelley will
resume his work as editor"