![]() ![]() ![]() News and World Report and the Atlantic Monthly. Other bidders included Mortimer Zuckerman, owner of U.S. For 1990 the Daily News reported a pre-tax operating loss of $114.5 million, including a $69.3 million fourth quarter loss attributed to the strike.īritish media mogul Robert Maxwell acquired the newspaper from the Tribune Company in March 1991, ending the strike. During the strike the Daily News continued to publish, using non-union replacement workers and non-striking union staff. The newspaper's ten unions, joined together under the umbrella organization Allied Printing Trades Council, responded by going on strike in October 1990. The Tribune Company had a reputation as a union-buster, following a 1985 strike at the Chicago Tribune that resulted in the hiring of non-union workers as permanent replacements. The company wanted to cut 700 to 1,000 jobs and complained about union overstaffing of drivers and pressmen. It claimed that the newspaper had lost $115 million in the past ten years on revenues of $4 billion, with labor costs eating up 44 percent of the revenue. When union contracts expired in March 1990, the Tribune Company confronted the unions and demanded huge concessions to make the paper profitable again. Its parent, the Tribune Company, explored the possibility of closing the newspaper, but it would cost more than $100 million, mainly for severance pay and pensions. By the 1980s the newspaper was averaging losses of $1 million a month in spite of annual revenues of nearly $425 million. During the years when the newspaper was profitable, its management had yielded to union demands for more jobs, overtime, and restrictive work rules. In the 1980s the paper was hit by hard economic times. The paper's leadership continued into the 1950s, when the Daily News was the largest newspaper in the United States with a daily circulation of more than two million and a Sunday circulation of four million. ![]() Its 1947 circulation was 2.4 million daily and 4.7 million on Sunday. Following World War II, American newspapers were in their heyday, and "the brassy, pictorial New York Daily News led all the rest," according to a Time magazine tribute. In 1926 circulation reached nearly one million, making the New York Daily News the largest newspaper in the United States. It will be aggressively for America and for the people of New York." The newspaper was owned by the Tribune Company, which was based in Chicago and published the Chicago Tribune. In his introductory editorial, Joseph Patterson wrote, "The policy of the Daily News will be your policy. The first issue of the New York Daily News was published on June 26, 1919. It soon returned to profitability and has become New York's leading tabloid.įrom Pioneering Tabloid to Largest Daily Newspaper: 1919-80 The paper found new ownership in Mortimer Zuckerman and Fred Drasner at the beginning of 1993. British publisher Robert Maxwell took over the paper in 1991, but died later that year under mysterious circumstances. The pioneering tabloid, and its eponymous holding company, fell on hard times in the 1980s, though, and a five-month strike in 1990 forced its parent company, the Tribune Company, to put it up for sale. Zuckerman and Fred Drasner acquire the Daily News.Ĭalled "too tough to die," the New York Daily News was the largest circulation metropolitan daily newspaper in the United States for much of the 20th century. And today, it is the largest-selling newspaper in the New York metropolitan area.ġ919: First issue is published on June 26.ġ926: Circulation reaches nearly one million, making the New York Daily News the largest newspaper in the United States.ġ947: Daily News reaches peak circulation of 2.4 million daily and 4.7 million on Sunday.ġ990: The newspaper's ten unions go on strike in October.ġ991: Robert Maxwell acquires the newspaper from the Tribune Company in March, then drowns in November the Daily News files for bankruptcy in December.ġ993: Mortimer B. A year into their ownership, the Daily News was operating in the black. As the first hometown owners of the Daily News, Zuckerman and Drasner have demonstrated a strong and continuous commitment to the newspaper as well as the city and its people. ![]()
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