Times Mirror Company

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Times Mirror Company
Company typePublic
NYSE: TMC
IndustryPrint media
Founded1884; 142 years ago (1884)
Defunct2000; 26 years ago (2000)
Fateacquired by Tribune Company
HeadquartersLos Angeles, California,
U.S.
Productsnewspapers, magazines, book publishers
Revenue$3.4 billion (1995)[1]
DivisionsNewspaper Publishing, Professional Information, Consumer Media[1]

The Times Mirror Company was an American newspaper and print media publisher from 1884 until 2000.

History

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It had its roots in the Mirror Printing and Binding House, a commercial printing company founded in 1873, and the Los Angeles Times, originally the Los Angeles Daily Times, which was first published in 1881 and printed by the company. The two operations were purchased and combined in 1884 to form the Times Mirror Company.[2]

In 1960, Times Mirror acquired the New American Library (NAL) and later sold it in 1983 to Odyssey Partners, a private investing group, and Ira J. Hechler, a private investor.[3] Times Mirror acquired the World Publishing Company in 1962.[4] By this time, World Publishing was producing 12 million books a year,[5] one of only three American publishers to produce that much volume. In 1974, Times Mirror sold World Publishing to the U.K.-based Collins Publishers.

In 1967, the Times Mirror entered magazine publishing by acquiring Popular Science, Outdoor Life, Golf Magazine, and Ski Magazine.[1] Times Mirror owned the Sporting News from 1977[1] until 2000, when it was sold to Paul Allen's Vulcan Inc. In 1987, Times Mirror acquired Field & Stream, Yachting, Home Mechanix, and Skiing.[1]

In 1983, Times Mirror owned not only the Los Angeles Times but also Newsday,[6] The Denver Post, The Dallas Times Herald, and the Hartford Courant.[3] In 1986, Times Mirror bought A.S. Abell Company, owners of The Baltimore Sun, and as part of the sale, Gillett Communications bought out the broadcasting unit.[7] That same year, Times Mirror acquired Broadcasting Publications Inc., parent company of broadcast trade magazine Broadcasting Magazine.[8]

Times Mirror acquired Richard D. Irwin Inc. from Dow Jones & Company in 1988 to enter the textbook field.[9] Times Mirror acquired Wm. C. Brown Co. in 1992.[10] Times Mirror sold its textbook operations to McGraw-Hill in 1996.[11]

Times Mirror also owned C.V. Mosby Company from 1967–1998, which published medical college textbooks and reference books; Harry N. Abrams — a publisher of art and photography books[3] — from 1966–1997; legal publisher Matthew Bender (from 1963 until 1998[12]); and air navigation publisher Jeppesen (from 1961 until Times Mirror was acquired by the Tribune Company). Subsequent acquisitions, like The Baltimore Sun in 1986, expanded the company's portfolio.[13]

Times Mirror Co. was acquired by the Tribune Company in 2000.[14][15] After the acquisition, Tribune sold Jeppesen to Boeing and the former Times Mirror magazines to Time Inc.[16][17]

Former newspapers

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Name City Purchased Sold Fate
Los Angeles Times Los Angeles, California 1884 2000 Acquired by Tribune Company
Newsday Long Island–Westchester, New York 1970 2000 Acquired by Tribune Company
Dallas Times Herald Dallas, Texas 1969 1986 Sold to MediaNews Group
The Advocate Stamford, Connecticut 1977 2000 Acquired by Tribune Company
Greenwich Time Greenwich, Connecticut 1977 2000 Acquired by Tribune Company
Hartford Courant Hartford, Connecticut 1979 2000 Acquired by Tribune Company
The Denver Post Denver, Colorado 1980 1987 Sold to MediaNews Group
The Morning Call Allentown, Pennsylvania 1984 2000 Acquired by Tribune Company
The Baltimore Sun Baltimore, Maryland 1986 2000 Acquired by Tribune Company

Broadcasting

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Times Mirror Broadcasting Company
Company typePrivate
IndustryMedia
Founded1946; as KTTV, Inc.
Defunct1993
(inactive, 1963–1970)
FateAcquired by Argyle Television (sold to New World Communications in 1994)
Headquarters
Los Angeles, California
,
U.S.
Areas served
United States
ProductsBroadcast and cable television

The Times-Mirror Company was a founding owner of television station KTTV in Los Angeles, which opened in January 1949. It became that station's sole owner in 1951, after re-acquiring the minority shares it had sold to CBS in 1948. Times-Mirror also purchased a former motion picture studio, Nassour Studios, in Hollywood in 1950, which was then used to consolidate KTTV's operations. Later to be known as Metromedia Square (then the Fox Television Center), the studio was sold along with KTTV to Metromedia in 1963.

After a seven-year hiatus from the medium, the firm reactivated Times-Mirror Broadcasting Company with its 1970 purchase of the Dallas Times Herald and its radio and television stations, KRLD-AM-FM-TV in Dallas.[18] The Federal Communications Commission granted an exemption of its cross-ownership policy and allowed Times-Mirror to retain the newspaper and the television outlet, which was renamed KDFW-TV.

Times-Mirror Broadcasting later acquired KTBC-TV in Austin, Texas in 1973;[19] and in 1980 purchased a group of stations owned by Newhouse Newspapers: WAPI-TV (now WVTM-TV) in Birmingham, Alabama; KTVI in St. Louis; WSYR-TV (now WSTM-TV) in Syracuse, New York and its satellite station WSYE-TV (now WETM-TV) in Elmira, New York; and WTPA-TV (now WHTM-TV) in Harrisburg, Pennsylvania.[20] The company also entered the field of cable television, servicing the Phoenix and San Diego areas, amongst others. They were originally titled Times-Mirror Cable, and were later renamed to Dimension Cable Television. Similarly, they also attempted to enter the pay-TV market, with the Spotlight movie network; it wasn't successful and was quickly shut down. The cable systems were sold in the mid-1990s to Cox Communications.

Times-Mirror also pared its station group down, selling off the Syracuse, Elmira and Harrisburg properties in 1986, to Smith Broadcasting.[21] Times-Mirror briefly held WMAR-TV in Baltimore and WRLH-TV in Richmond, which were acquired alongside the Baltimore Sun, but had to sell off those stations to Gillett Communications to appease FCC's cross-ownership rules.[22][23] The remaining four outlets were packaged to a new upstart holding company, Argyle Television, in 1993.[24] These stations were acquired by New World Communications shortly thereafter and became key components in a sweeping shift of network-station affiliations which occurred between 1994–1995.

Former stations

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Stations owned by Times Mirror Company
Media market State/Prov. Station Purchased Sold Notes
Birmingham Alabama WVTM-TV 1980 1993
Los Angeles California KTTV 1949 1963 [a]
Baltimore Maryland WMAR-TV 1986 1986
St. Louis Missouri KTVI 1980 1993
Elmira New York WETM-TV 1980 1986
Syracuse WSTM-TV 1980 1986
Harrisburg Pennsylvania WHTM-TV 1980 1986
Austin Texas KTBC-TV 1973 1993
Dallas–Fort Worth KDFW-TV 1970 1993 [b]
Richmond Virginia WRLH-TV 1986 1986
  1. ^ Co-owned with CBS until 1951 in a joint venture; 51 percent owned by Times-Mirror, 49 percent owned by CBS.
  2. ^ Purchased along with KRLD-AM-FM as part of Times-Mirror's acquisition of the Dallas Times Herald. Times-Mirror sold the radio stations to comply with FCC cross-ownership restrictions.

References

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  1. ^ a b c d e "The Times Mirror Company History," Funding Universe. Accessed November 20, 2017.
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  4. ^ "Ben Zevin Dies at 88; Leader Of World Publishing Company," New York Times (December 29, 1984). via UPI.
  5. ^ "WORLD PUBLISHING CO.", The Encyclopedia of Cleveland History. Accessed March 3, 2017.
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  14. ^ Jones, Tim. "Tribune Co. To Merge With Times Mirror," Chicago Tribune (March 13, 2000).
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  19. ^ "Johnson family sells Austin TV." Broadcasting, September 4, 1972, pg. 6.
  20. ^ "Times Mirror's deal for Newhouse's TVs gets FCC approval." Broadcasting, March 31, 1980, pg. 30.
  21. ^ "Changing hands: Proposed." Broadcasting, September 30, 1985, pg. 109.
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  24. ^ "Times Mirror set to sell four TV'." Archived June 9, 2015, at WebCite Broadcasting & Cable, March 22, 1993, pg. 7.

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