The Daytona Beach News-Journal is the Florida daily newspaper serving Volusia and Flagler countries.
It grew from the Halifax Journal that began in 1883. The Davidson family bought newspapers in 1928 and retained control until bankruptcy in 2009. In 1986, The Morning Journal > and Evening News merged into one morning newspaper. The newspaper started its online service in 1994.
Video The Daytona Beach News-Journal
Histori
The early settlers of Daytona decided that newspapers would be important for urban development. A group of people raised money to persuade Florian A. Mann to move his prints from Ohio to Daytona and start a new publication. Before the publication of the first edition, 86 customers have signed up, all paid in advance. Advertisers also pay in advance for the first three months.
The first edition is scheduled for release on February 1, 1883; However, the schooner who carried empty paper to a Florida ship was stranded off the coast of Carolina, with the loss of all hands and cargo. This pending publishing was the first problem until Mann decided to buy a basket of cotton cloth from the dry goods store Laurence Thompson to use as a substitute.
The first edition of the Halifax Journal was printed and published in cotton, dated February 15, 1883. The main issue contained local news, as well as the editorial of Praise and Mann's wishes for the Halifax area. The Halifax Journal continued as a weekly publication until Mann sold the newspaper in 1889 to J.M. Jolley. In 1908, Jolley died and the newspaper was bought by Galen Seaman. After Seaman's death, the newspaper was bought by W.C. Carter of the Halifax Printing Company, which operates printing connected to Halifax Journal.
After selling the Halifax Journal , Mann moved to Ormond and started Ormond Gazette . He then sells this paper to L. Moreton Murray and returns to Daytona, to start Daytona News . Thomas E. Fitzgerald purchased Daytona News in 1900 and Ormond Gazette in 1903. Fitzgerald consolidated two papers and on December 1, 1903, published the first issue of The Daytona Daily News .
Hugh Sparkman started a stock company that purchased the Halifax Journal and turned it into a daily publication. In 1926, the stock company bought The Daytona Daily News from Fitzgerald. The stock company stopped publishing The Morning Journal, but continued The Evening News and The Sunday News-Journal.
In 1928, Julius Davidson and his son, Herbert M. Davidson, purchased a majority stake in the company, commencing a period of 80 years of single family rule over publishing. Soon after, minority owners sold interest to R.H. Gore, a competitor. The minority shares are then sold to Perry Publications, the owner of The Palm Beach Post. In 1969, The Palm Beach Post was purchased by Cox Enterprises, a media company with Atlanta Journal-Constitution and other publications. Cox acquired 47.5% stake in Perry at News-Journal , awarded $ 5 million, as part of the transaction. The Davidson family continues to hold a 52.5% majority share. Cox is not represented on the board of directors and has no say in the company's decisions.
Maps The Daytona Beach News-Journal
News-Journal Center
In January 2003, News-Journal offered to pay $ 13 million to name the rights to a new performing arts center in Daytona Beach that is being built as a new home for the Seaside Music Theater, founded by News - Journal CEO of Tippen Davidson. Cox Enterprises filed a lawsuit against News-Journal Corp. (NJC) in the US Federal Court, accusing them of "acting irresponsibly in spending company funds". Cox alleged that Davidson's family spent the newspaper money without consulting them.
The court documents reveal that within a period of five years prior to the filing of a Cox complaint, at least 58 employees of Davidson's art and entertainment work were on the payroll of News-Journal Corp., without the knowledge of the single minority shareholders NJC. Despite the fact that these employees are not working for NJC, the company gives them full salary and benefits, at a cost to the company at least $ 5.7 million. The court found that tens of millions of dollars were transferred to Davidson's family projects to "pamper Davidsons personal interest in art".
After failing the lawsuit, News-Journal Corp. decided to use the option to buy minority shares. In 2006, the federal court set a $ 129.2 million valuation on Cox's interest in the paper. The management of the newspaper announced in April 2008 that newspapers would be sold to satisfy the ratings. On April 17, 2009, the News-Journal announced its intention to declare bankruptcy, but the judge overseeing the case rejected the option. The board of directors was later removed and the company placed under the control of the court, with James Hopson serving as the court-appointed manager.
New ownership
Halifax Media Holdings purchased the News-Journal on March 1, 2010, for $ 20 million and took control on April 1, 2010. Michael Redding, Halifax Media CEO and former News-Journal department manager, welcomed Bill Offill as a paper publisher on 29 July 2013 Halifax Media became the 12th largest media company in the US, publishing 33 newspapers and affiliated websites in five states, mostly in the Southeast. The company is owned by a group of investors, including Stephens Capital Partners, from Little Rock, Arkansas; JAARSSS Media of Destin, Florida; and Redding Investments of Daytona Beach. On August 28, 2013, Halifax Media signed a letter of intent with HarborPoint Media for the acquisition of three additional Florida papers. In 2015, Halifax was acquired by New Media Investment Group.
Price
News-Journal Price is: daily, $ 1; Sunday/Thanksgiving, $ 2. Sales tax included in newsracks.
References
External links
- Official website ( Mobile )
- Today's front page The Daytona Beach News-Journal on the Newseum website
Source of the article : Wikipedia
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