Loyola University Chicago - Loyolan Yearbook (Chicago, IL)

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CHIC GO D ILY NEWS HE Chicago Daily Nezw was hrst published as a four- page newspaper on January 5, 1876, Its beginning was modestg it was launched with more faith than capital. lts editorial stall Ending the only available quarters in the com- posing room sat on kitchen chairs and wrote copy on a rough pine table. It did not even own the press upon which it was printed. From the outset, the Daily Near has been an independent newspaper. It was established in an age when partisanship was high, but it escaped the disadvantages and perils of politf ical domination and ushered in a new era in newspaper man- agement. The Chicago Daily Near was the first newspaper in America to establish its own worldrwide news-gathering organizationg it was the first newspaper to place advertising upon a fixed-rate basis and the First to use the linotype machine. Under the direction of john S. Knight, its editor and pub- lisher from 1944 to the early part of 1959, the Daily' Nczvi' is now in the process of an 811,000,000 expansion program which reflects the faith of the Daily Near in the Chicago community, and the faith of that community in the Chicago Daily Newt. On january 5, 1959, the Chicago Daily Near was sold to Field Enterprises, Inc., owners of the Chicago S1111-Timer. Mr. Marshall Field, Jr., publisher of the S1111-Timer, became the new publisher of the Chicago Daily Near. Ground for the Daily New Build- ing was broken on December 29, 1927, and on june 8, 1929, the Daily Nezvf moved from its old home at 15 North Wells Street to its present quarters at 400 Wfest Madison.

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lln Q ml Ill ,- I Ill W an new f 1 we :aa as n I HI 'U :Q fllhiragu Urihnuz ROM A first edition of 400 copies pulled from a Wash- ington hand press on june 10, 1847, the Cbmzgo Tribune in 1 11 years has grown into one of the most widely read standard- sized newspapers in the United States, with a circulation that exceeds 900,000 on weekdays and 1,-400.000 on Sundays. From a single room above a Chicago grocery store, its othces and plant, centered in world-famous Tribune Tower, have grown into a newspaper publishing organization encom- passing timberlands, paper mills. a shipping line, radio and television stations, and other newspapers. From a few col- umns of hand-set, hand-printed news, it has become a news- paper printed in black and white, newsprint color, color rotogravure, and comicolor on high speed presses of the latest design. As the Claiclzgn Tribune moves into its 112th year of con- tinuous publication, its news coverage and production facilities are considered among the most complete and eilicient avail- able, its editorials are regularly quoted throughout the world, and the annual advertising investment in its columns are un- surpassed by any ncwspaper in the world. 117 XV. D. Maxwell Editor Tribune Tower has been the home of the Chinzgo Tribzme since 1925, when the Tower was erected from the design awarded first prize in the inter- national architectural com- petition sponsored by the Tribmze in 1922. Wfewidwnn-Q,-5- -7 '44 ' W I

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J: Marshall Field, Jr. Publisher suilicfff s s HE dedication of the new Sznz-Timer Building in Janu- ary, 1958, marked the tenth anniversary of the founding of the S1111-Timer through the merger of the Chicago Sun and the Chicago Timex on February 2, 1948. A modern metropolitan newspaper has great responsibilities and obligations. Chief among them are those of advancing the interest of the community and the nation in every possible wayg of informing the reader so fully and ably that he can properly exercise his own responsibilities as a citizen of a democracyg and the creation of a market through advertising for those who have goods or services to sell. All this, the S1171-Ti77Z6.f believes, requires an enormous amount of dedication and service as well as the best physical equipmentg hence the purpose of its plant, the newest and most modern in the country. Formally dedicated in january of 1958, the new S1111-Timer Building symbolizes the excitement and adventure of publishing a great metropolitan news- paper. The building is located in the heart of the city on the north bank of the Chicago River. mumnma.-.-.kg-1 1-...,..w::, L: ,...,,... W-, ...:h.- V ... -it Y - ...,- .-..,. ., , , Y , .1-, .