The company announced it would close the Herald American—making Boston a one-newspaper town—on December 3, 1982. When the deadline came, Australian media baron Rupert Murdoch was negotiating to buy the paper and save it. He closed on the deal after 30 hours of talks with Hearst and newspaper unions—and five hours after Hearst had sent out notices to newsroom employees telling them they were terminated. The newspaper announced its own survival the next day with a full-page headline: “You Bet We’re Alive!”[10]
In February 1994, Murdoch’s News Corporation was forced to sell the paper, in order that its subsidiary Fox Television Stations could legally consummate its purchase of Fox affiliate WFXT (Channel 25) because Massachusetts Senator Ted Kennedy included language in an appropriations barring one company from owning a newspaper and television station in the same market.
Of course Ted Kennedy put a clause in there which knocked out the Boston Herald; it was the conservative alternative to the Globe and the Dems are used to using federal coercive powers to punish enemies and reward friends. Ever heard of Robert Mueller, Comey, Strozk or Ohr?? How is it different now?
>> Massachusetts Senator Ted Kennedy included language in an appropriations barring one company from owning a newspaper and television station in the same market.
But Time was a magazine and CNN was network, not station, so it was all good for the libs to control thought...