Saturday, Apr. 07, 1923
Hearst in Baltimore
Official announcement was made of the purchase by William Randolph Hearst from Frank A. Munsey of The Baltimore American and The Baltimore News, its evening edition.
Mr. Hearst acquires The Baltimore American in the 160th year of its existence. Established as The Maryland Journal and Advertiser in 1773, it was the first newspaper published in Baltimore and is the oldest news publication south of Philadelphia. For nearly 70 years it was owned by the Fulton family. Charles Fulton, warm friend of Abraham Lincoln, gave the paper its present name. During the Civil War it was the only newspaper supporting the Union south of the Mason-Dixon Line.
The price paid by Mr. Hearst for the two properties is said to have been about $1,200,000.
Mr. Hearst's only competitors in Baltimore are the Abell Publishing Co. (publishers of The Sun and The Evening Sun), and the Scripps-McRae interests, which publish the newly born Baltimore Post tabloid.
Other "Hearst cities": Chicago, New York, San Francisco, Los Angeles, Boston, Seattle, Washington, Fort Worth, Rochester, Syracuse, Milwaukee, Atlanta, Detroit, Oakland.