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The paper was founded by Melville E. Stone in 1875 and began publishing early the next year. It strove for mass readership in contrast with its primary competitor, the Chicago Tribune, which was more influential among the city's elites; for many years, the Daily News boasted a 1¢ newsstand price.
The Chicago Daily News pioneered certain areas of reporting, opening one of the first foreign bureaus among U.S. newspapers in 1898 and starting one of the first columns devoted to radio in 1922. It was known for its distinctive, aggressive writing style which 1920s editor Henry Justin Smith likened to a daily novel. In its heydey from the 1930s to 1950s it was widely syndicated.
In 1929 it moved into a new 26-floor headquarters building at 400 W Madison Street. Designed by architects Holabird & Root, the Art Deco structure became a Chicago landmark, and stands today under the name Riverside Plaza . It featured a mural by John W. Norton depicting the newspaper production process.
After a long period of ownership by Knight Newspapers (later Knight-Ridder), the paper was acquired in 1959Events January-February January 1 Cultivars of plants named after this date must be named in a modern language, not in Latin. January 1 Cuba: Fulgencio Batista flees Havana when forces of Fidel Castro advance January 2 CBS Radio cuts four soap operas: Bac by Field Enterprises, owner of the Marshall Field and CompanyMarshall Field and Company is a department store. Marshall Field obtained employment at a dry goods store in Chicago in 1852. Field rose to become a partner in the company. In 1865, Field with partner, Levi Leiter moved to an old store of Potter Palmer's department storeA department store organizes its goods by departments, such as women's clothes, home furnishings, electronics, and the like. Department stores range from collections of elaborate, fancy shops to practical outlets for ordinary merchandise. They differ from chain and the rival Chicago Sun-TimesThe Chicago Sun-Times is an American newspaper publishing out of Chicago, Illinois. Of the two Chicago newspapers, the Chicago Tribune and the Sun-Times the Sun-Times makes more money on the newsstand, as opposed to the more upper-crust home delivery of t. Thereafter the newspaper entered a decline partly due to mismanagement but also due to demographic changes. Sales of afternoon dailies declined with the rise of television, and downtown newspapers suffered as readers moved to the suburbSuburbs are inhabited districts located either on the outer rim of a city or outside the official limits of a city (the term varies from country to country), or the outer elements of a conurbation. The form of the word may tempt one to think that "suburb"s.
The Chicago Daily News published its last edition on March 4March 4 is the 63rd day of the year in the Gregorian Calendar (64th in leap years). There are 302 days remaining. Events Up to 1799 303 or 304 Martyrdom of saint Adrian of Nicomedia. 1152 Frederick I Barbarossa is elected King of the Germans. 1461 King He, 1978.