The story of the Sun, New York: 1833-1928 / by Frank M. O'Brien ; with an introduction by Edward Page Mitchell ...

FRANK A. MUNSEY

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Street which It had occupied since 1911. The editorial,
news, and composing rooms fill almost the entire, second
floor, with the counting room on the ground floor, and
the basement and sub-basement are occupied by the
presses and the stereotyping machinery. The executive
offices are on the seventh floor. There the president is
assisted by an executive boaid which includes Richard H.
Titherington, Clarman T. Dixon, Fred A. Walker, Gilbert
T. Hodges and Robert H. Davis, all veterans of the
Munsey-Dewart organization.
On January 14, 1920, Mr. Munsey surprised New York
by announcing his purchase of the New York Herald,
which had been under trustee management since the death
of James Gordon Bennett on May 14, 1918.
The New York Telegram, an evening newspaper, and
the European edition of the New York Herald were included in the sale and the total price was $4,000,000. Ten
ldays later Mr. Munsey created a fresh sensation by amalgamating the Sun and the Herald under the title The Sun
and New York Herald. Less than a year later, on October 1, 1920, he separated the Sun from the Herald, continuing the latter in the morning field and making the
Sun an evening paper to take the place of the Evening
Sun. Mr. Munsey was actively the editor of the Herald
from 1920 until March 17, 1924, when he sold it for
$5,000,000 to Ogden M. Reid, owner of the New York
Tribune, the Paris Herald being included in the transaction. He had wished to buy the Tribune and amalgamate
it with the Herald, believing that New York could not
support two newspapers, no matter how excellent they
might be, that were so generally alike. As the Reid family would not sell the Tribune to him, he sold the Herald