The day book. [volume], May 08, 1914, Image 2

About The day book. [volume] (Chicago, Ill.) 1911-1917

Image provided by: University of Illinois at Urbana-Champaign Library, Urbana, IL

                
still Keeley is supposed to think less of Patters and the McCormicks than
-he does nf Lawrence; and the chances favorva. secret combine between
Keeley and Lawrence in a fight to pull the Trih's tail feathers and grab off
the support of the State street advertisers.
The Examiner cut loose, this morning with a big1 story telling how the
new newspaper deal was pulled off yesterday ia the ofifce of Levy Mayer,
the big corporation fiwyer. It says the later-Ocean lost $247,000 the past
year and the Record-Herald $547,000; that the $600,000 bonds of the I.-O.
and the $2,300,000 bonds of the R. H.
went up in smoke, besides $4,000,000
of common stock of the R.-H. i
It is not known what Keeley paid
for the bonds, but the talk is that he
got them at a low price. Anyhow,
Keeley announces that the new com
bination starts' off without debts of
any kind. That ought to . make
Hearst's mouth water.
Keeleys partner who appears on
the surface of the. deal- is W." W.
Chapin, recently publisher of the
Seattle Post-Intelligencer and the
- Saa Francisco Call.. The Call was
recently purchaser from'Spreckels by
Hearst, i
What other financial interests or
..individuals are bafck o'f Keeley isn't
announced, but it is not thought
Keeley and Chapin are rich enough
themselves to swing such a big deal
starting off with paper which just
got through losing half a million a
year.
Just now the Tnb after a several
years' fight is in the lead both, as to
circulation and advertising. But the
big man of the Trib, will be out Mon
day and it will be up to Bert MeCor
mick and Joe Medill Patterson to
show what's in them for they will
nave things all their own way on the
Trib, with a real newspaper man to
fight in charge of the Record-Herald.
It is; expected that Keeley will take
some of the stars of the Trib staff
with him when he packs his .suitcase
and moves over to the Rr-IL build
ing Monday. It is expected that Ed-J
ward S. Beck, now understudy to
Keeley on the Trib, will become man
aging editor, but working directly un
der Bert McCormick McCormick
will be the Dig boss,
of dog-eat-do& game between "fee
three morning; papers, with Keeley
hand'Lawrence both biting at the-Trib
ana at( eacn oner me k.-h and
Examiner- will probably work to
gether to smother the, Trib and then
fight each other for the remains.
The State street advertisers may
take a hand in the serimraager-ras
they don't like, the Trib' any too well
bMuse, it has been-in their judg
ment too arbitrary indeahag with,
them., ,-
It appears that when Joseph Me
dill dfed he -left his controlling' intefr-
est in the Tribune to 'his two daugh
ters, tne present Mrs. k, k. Mccor
mick aad Mrs. R. W Patterson; and
appointed y?. G-. Baale, attorney for
a lot of big corporations, trustee with
a controlling yote on the policy of
the. paper.
The general belief is that the Rec-brd-HeraW
will quickly take a. com
mantling position in the morning
field unejojtbat the Trib wlBL now have
the fight .of Its life. Mucfr will de
pend upon the policy of both papers
toward the public, rather than their
attitude toward advertisers.''
Chicago newspaper readers ate
getting wise.
The feature of the fight I am moat
interested in, however, is, the effect
tne three-cornered fight will have on.
the policy of the papers. To. get Cir
culation the papers will, have to ap
peal to the public rather than to ad
vertisers,; but the foolish "pubUgjets
will think. the game is first te-.play
for the favor of the State street
stores.
The publisher who bumps his
head on the doormat of the tat
A lovely scrap is expected a sort street advertiser is a chump. I$e may
f-
jr.
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