Bruce Lewis Sagan (born 1929)

Bruce Sagan (age 29)1958 Press PhotoPurchased actual physical press photo image from "Historic Images"

Wikipedia 🌐 NONE

ASSOCIATIONS - People


1929 (Mar 18) - Father George at Jewish Leaders conference

https://www.newspapers.com/image/legacy/220921565/?terms=%22george%20sagan%22&match=1

1930 Census ( Bruce L Sagan )

https://www.ancestry.com/discoveryui-content/view/5546411:6224?tid=&pid=&queryId=447434f258dee22ec7e950f3f6b99eef&_phsrc=Kxi157&_phstart=successSource

  • Name : Bruce L Sagan

  • Birth Year : abt 1929

  • Gender : Male

  • Race : White

  • Age in 1930 : 1

  • Birthplace : New Jersey

  • Marital Status : Single

  • Relation to Head of House : Son

  • Home in 1930 : Summit, Union, New Jersey, USA

  • Map of Home : Summit, Union, New Jersey

  • Street Address : Tulip Street

  • Ward of City : Second

  • House Number : 20

  • Dwelling Number : 423

  • Family Number : 449

  • Attended School : No

  • Father's Birthplace : Russia

  • Mother's Birthplace : Russia


Household Members

Age

Relationship

George Sagan

37

Head

Esther Sagan

33

Wife

Eugene B Sagan

5

Son

Ely J Sagan

3

Son

Bruce L Sagan

1

Son

Ida Pierson

23

Servant

(Jan 1946) - George Sagan (father) charities :

See George Sagan (born 1895)

Full newspaper page : [HN024S][GDrive] / Clip above : HN024T][GDrive]

1946 (Feb 08) - Argonne Labs established outside of Chicago

https://en.wikipedia.org/wiki/Argonne_National_Laboratory

1947 (Feb 21) - Father George Sagan's foundation...

See George Sagan (born 1895)

Full newspaper page : [HN024Q][GDrive] / Clip above : [HN024R][GDrive]

1947 - Bruce Sagan moves to Chicago (age 18)

1947 - US Military Draft Card for Bruce Sagan

  • Name : Lewis Bruce Sagan

  • Race : White

  • Age : 18 / Birth Date : 1 Feb 1929

  • Birth Place : Summit, New Jersey

  • Residence Place : South Orange, Essex, New Jersey

  • Registration Date : 6 Feb 1947

  • Registration Place : Chicago, New Jersey, USA

  • Employer : Student-University of Chicago

  • Height : 5'' 10" / Weight : 175#

  • Complexion : Light / Hair Color : Blonde / Eye Color : Green

  • Next of Kin : Joseph Feller

  • Household Members : 1

Image (1/2) : [HG00H0][GDrive]
Image (2/2) : [HG00HI][GDrive]

1951 (Fall) - Carl Sagan (2nd cousin) moves to Chicago (age 16), start college at Univ. Chicago ...

https://sites.google.com/housatonicits.com/home0006/research/carl-edward-sagan-b1934 / See Dr. Carl Edward Sagan (born 1934)

1953 - Bruce Sagan buys a Chicago Hyde Park newspaper, at age 24 ???

Full newspaper page : [HN024O][GDrive] / Highlighted version above : [HN024P][GDrive]

1955 (Nov 18) - New Jersey Jewish News : George Sagan (father) is elected to the board of governors of the Weizmann Institute of Science at a recent meeting in Tel Aviv

See George Sagan (born 1895)

Image (screenshot) from JHS : [HN024N][GDrive]

1956 (FEB 19) - Central New Jersey Home News : George Sagan (father) transfers industrial plant in New Jersey to Eli Sagan (brother) and Bruce Sagan

Mentioned - Bruce Lewis Sagan (born 1929) / Elias "Eli" Jacob Sagan (born 1927) / George Sagan (born 1895)

Full newspaper page (pg 23) - [HN024K][GDrive]

NOTE : 1957 (and earlier) - Searches of "Bruce Sagan" in Newspapers.com has been edited

1958 (Feb 11) - Father George wins Brotherhood Medal (National Conference of Christians and Jews) ... the Byrne family too!!! (related to Patrick Byrne I think, hence the Buffett connection ??

https://www.newspapers.com/image/legacy/531633824/?terms=%22george%20sagan%22&match=1

1960 (Jan 17) - The Daily News (New York) - Father George Sagan wins award

Full newspaper page : [HN024H][GDrive] / See George Sagan (born 1895)

1960 (Sep 07) - Return travel from London to Chicago, with wife Judith and son Paul

Also on journey : Son Paul Lewis Sagan (born 1959) ( See [HJ001J][GDrive] )

Ticket for Bruce Sagan [HJ001H][GDrive]
Ticket or Judith Sagan[HJ001I][GDrive]

1961 - Father George Saga... "$1,875,000 in Gifts Announced at Weizmann Institute Dinner in New York" - " the Esther and George Sagan Residence Hall for students of the [Weizmann] Institute’s Graduate School in the Natural Sciences"

See George Sagan (born 1895) ...

https://www.jta.org/archive/1875000-in-gifts-announced-at-weizmann-institute-dinner-in-new-york

1961-12-13-jta-org-1875000-in-gifts-announced-at-weizmann-institute-dinner-in-new-york.pdf

December 13, 1961

original bulletin - http://pdfs.jta.org/1961/1961-12-13_235.pdf?_ga=2.122427659.1297815429.1661041400-807138140.1660189827

A total of $1,875,000 was contributed here tonight to the research fund of the Weizmann Institute of Science, at Rehovot, Israel. The contributions were announced by Arthur B. Krim, chairman of the annual Weizmann Institute dinner, held at the Waldorf-Astoria, and Abraham A. Feinberg, president of the American Committee for the Weizmann Institute.

More than 1,500 guests attended the $250-per-plate event where the principal speaker was Dr. Jerome B. Wiesner, President Kennedy’s Special Assistant for Science and Technology: Dr. Wiesner was elected an honorary fellow of the Weizmann Institute.

President Kennedy, in a message to the dinner “warmly applauded” the honor bestowed by the Weizmann Institute on Dr. Wiesner. He emphasized that Dr. Wiesner has been his “good friend and trusted adviser” and said: “It gives me particular pleasure that Dr. Wiesner is receiving this honor not only for his formidable accomplishments in science, but also, in the tradition of Dr. Chaim Weizmann, for his work in the public service.”

In presenting Dr. Wiesner with a citation, Dr. Dewey D. Stone, chairman of the Institute’s Board of Governors, lauded him for his contributions “to the general science of communication in various systems, as well as of his unique role in forming the link between his fellow scientists and the governing bodies of this nation.”

In his address, Dr. Wiesner deplored “the desperate need for scientists and engineers in the United States, the inadequacy of public understanding in areas of science and technology” and what he called “the backwardness” of scientific education in the United States. Scientific and technologic education in the universities, he said, is “500 years behind the times.”

Mr. Feinberg announced that the family of the late Herman H. Taubman, of Tulsa, Oklahoma, has endowed a Chair of Applied Mathematics at the Weizmann Institute in Rehovot. The following gifts were also announced: The Ullman Institute of Life Sciences donated by Mr. and Mrs. Siegfried Ullman of New York; the Esther and George Sagan Residence Hall for students of the Institute’s Graduate School in the Natural Sciences; the Louis J. Glickman Research Laboratory; the Lillian Persky Palais Fellowship; the Joseph C. Foster Research Grant; the Clara and Sam Silbert Research Fellowship; These gifts add up to $1,475,000.

1962 - Council for a Livable World created by Szilard

The Council was founded in 1962 as the Council for Abolishing War by Hungarian nuclear physicist Leó Szilárd.[

https://en.wikipedia.org/wiki/Council_for_a_Livable_World

1964 (July 15) - Suburbanite Economist (Chicago Illinois) - "Sagan Got Start by 'Breathing life into a newspaper corpse' "

Full newspaper page : [HN023W][GDrive]

1964 (Nov 18)

https://newspaperarchive.com/chicago-hyde-park-herald-nov-18-1964-p-2/

1964-11-18-hyde-park-herald-pg-16.jpg

1965 (Aug 25) -

Full Page 01 : [HN0249][GDrive] / Page 01 with "Bruce Sagan" highlighted (shown above) : [HN024A][GDrive]

1969 or 1970 - Brother Eli Sagan ... Director and treasurer of The Council for a Livable World

See Elias "Eli" Jacob Sagan (born 1927)

[Eli Sagan] also served as director and treasurer of the Council for a Livable World, an advocacy organization dedicated to eliminating the US arsenal of nuclear weapons.

1974/1975 - Bruce Sagan hires (as an undergraduate intern) David Axelrod

See David M. Axelrod (born 1955)

n 1972, Axelrod attended the University of Chicago, where he majored in political science.[20] Axelrod described his childhood as "very turbulent", although he did not specify the exact details that elicited this characterization.[18]

As an undergraduate, Axelrod wrote for the Hyde Park Herald, covering politics, and earned an internship at the Chicago Tribune.

1975 (Feb 01) - Father (George Sagan) passes - NYTimes : "GEORGE SAGAN, 79, LED COAT COMPANY - Head of New York Girl dies; Aided Jewish causes"

Source : [HN023Y][GDrive]

[George Sagan (born 1895)], founder and former chairman of the New York Girl Coat Company and a dealer in Jewish philanthropy, died Tuesday in West Orange, N. J. He was 79 years old and hived in Verona, N. J.

Mr. Sagan, who retired as chairman in 1971 but continued as a consultant to the apparel company, was born in Russia and came to the United States in 1910. He founded the company in 1916.

He established the Sagan Foundation in Summit, N. J., and endowed a chair of performing arts at Brandeis University. He had been an overseer of the Jewish Theological Seminary and a director of the Weizmann Institute of Science in Israel.

Mr. Sagan was an honorary alumnus of the Hebrew University of Jerusalem and had been active in support of the Albert Einstein College of Medicine.

A former co‐chairman of the United Jewish Appeal in Essex County, N. J., and former chairman of the Newark Placement of Immigrants Service, he had also been a member of the board of the National Conference of Christians and Jews and received its award of merit.

[Surviving] are his widow, the former Esther Gooen; three sons, Eugene ([Eugene "Gene" Benjamin Sagan (born 1925)]), Eli ([Elias "Eli" Jacob Sagan (born 1927)]) and Bruce ([Bruce Lewis Sagan (born 1929)], and nine grandchildren.

Other obituaries for George Sagan -

https://www.newspapers.com/image/legacy/539393090/?terms=%22george%20sagan%22&match=1


1983 (Oct 09) - NYTimes : "COSTS FORCE OMAHA PAPER INTO CLOSING"

By Jonathan Friendly / Oct. 9, 1983 / Saved as PDF : [HN024B][GDrive]

Mentioned : Warren Edward Buffett (born 1930) /

The Omaha Sun, a weekly newspaper that at its peak reached about 50,000 homes in the city, has printed its final issue.

Ordinarily, the passing of a weekly newspaper like The Sun would not attract much attention, but The Sun was a little different. In 1972 it investigated the finances of Boys Town, the well- known home for orphans, and its work won a Pulitzer Prize, the first time that a weekly had been won that prestigious award.

In later years it followed the Boys Town story with new disclosures about the home's management, and it undertook investigations of other community problems, occasionally beating the city's only daily, The World-Herald. ''They were able to pick their targets and make an impact,'' said Harold W. Andersen, the president of The World- Herald.

The Sun had financial troubles, however. The family that had founded it in 1922 sold it to an Omaha investor, [Warren Edward Buffett (born 1930)], in 1968. Two years ago, he sold it to Bruce Sagan, who publishes The Southtown Economist in Chicago.

What had been separate editions aimed at seven specific areas of the city were consolidated into one newspaper. The editorial staff was cut, from 16 to 8, then a month ago to 4. There was little opportunity for complicated reporting projects.

Even with its demise, The Sun is continuing to get some special attention within the industry, however. Earlier this year it won a Federal court order temporarily blocking The World-Herald from operating a free weekly and a service that mails advertising materials to all the homes in the area, known as ''marriage mail.'' Charging violations of Federal antitrust laws, The Sun said it had lost $350,000 in advertising revenues after the daily began those operations in 1981.

Late last month, however, the United States Court of Appeals for the Eighth Circuit said The World-Herald could continue its new line of business, and last Wednesday The Sun announced its closing, saying it was ''economically prohibitive to continue.'' But it said it would press its legal case, which is being followed by industry officials in other cities where daily newspapers have been considering ways to respond to the shift of advertising into neighborhood or suburban weeklies and to ''marriage mail'' operators.

New Look for The Monitor

The first issues of a redesigned Christian Science Monitor rolled off the presses this week, and top officials of the newspaper said the new look was a signal of other shifts that they hope will revitalize the 75-year-old newspaper.

The Monitor, a five-day-a-week tabloid, consistently wins high marks for its foreign news coverage and analysis. But its circulation, 240,000 a decade ago, is down to 150,000, and its advertising linage is slumping. Over all, it says it is losing $10 million a year.

Earlier this year, the newspaper hired a new editor, Katherine Fanning, who had been editor and publisher of The Anchorage Daily News. Despite some grumbling among the 150 editorial staff members, she has rearranged some of the national assignements and has created new features in areas such as cultural events, science and technology and leisure activities.

What had been four regional editions have been combined so that all advertising goes to all readers, adding to the size of the newspaper without increasing the cost to advertisers, and it has started a vigorous campaign to double its circulation in the next five years. The manager of The Monitor, John H. Hoaglund Jr., said it was important to find new readers, because the average age of current subscribers is 60.

In its first week, the revamped newspaper gave front-page display to a variety of life-style and human interest articles that would not have gained such prominence before.

A Washington Post Weekly

At the end of the month, The Washington Post will begin publishing a nationally circulated weekly edition that will repackage for readers outside of Washington some of The Post's day-to- day coverage of the Government and national political activity.

The editor of the weekly, Noel Epstein, said The Post was in many ways a trade paper for the industry of government, and thus required reading for the many Government aides, Congressional staff members, lobbyists, diplomats and other assorted political workers who make up ''official'' Washington. The new publication will give people outside the Washington area more access to detailed coverage that tends to be omitted even from the newspapers that use The Los Angeles Times- Washington Post News Service, he said.

The Post's weekly, a tabloid, will begin with a circulation of 30,000 copies, some to be sold on newsstands at $1 a copy and most to be delivered by mail on Mondays or Tuesdays. The subscription price is $39 a year.

Ads in Publishers Magazine

For the last four years the American Newspaper Publishers Association has been losing money in publishing a monthly trade magazine, presstime, that it sends to 5,000 subscribers, most of them its members. Last month the board of directors of A.N.P.A. hit upon a not-so-radical scheme to help the magazine pay its own way. Starting next year, it will accept advertising. The board said the informational content would ''enhance the value'' of the publication.

1986

PULITZER BUYING PAPERS

By Charles Storch

Chicago Tribune

Mar 08, 1986 at 12:00 am

https://www.chicagotribune.com/news/ct-xpm-1986-03-08-8601170806-story.html

1986-03-08-chicago-tribune-pulitzer-buying-papers.pdf

Pulitzer Publishing Co., the St. Louis media company, plans to expand its presence in the Chicago-area community newspaper market with the acquisition of Southtown Economist Inc.

Bruce Sagan, Southtown president and owner, said Friday that he has reached an agreement in principle to sell his company to Pulitzer Publishing. Terms of the cash transaction, which is expected to close shortly, weren`t disclosed.

One published report put the price at about $40 million.

Sagan`s firm publishes the Daily Southtown Economist, with a circulation of about 25,000, 18 weeklies and a group of shoppers. The publications, which circulate primarily in the south and southwest suburbs, have a total circulation of about 440,000, he said.

Southtown, with headquarters at 5969 S. Harlem Ave., also is a contract printer for Midwest editions of the New York Times, Christian Science Monitor, Chicago Defender and Lerner chain of Chicago and suburban community newspapers.

Lerner was acquired by Pulitzer Publishing last year.

Southtown also has contracted with the Levy Organization to print an afternoon Chicago business daily slated to debut later this month and to begin printing this spring an edition of Investor`s Daily.

Sagan said he will become chief executive officer of Pulitzer Community Newspapers Inc., the unit being formed to run Southtown. Sagan has owned Southtown since 1958.

In a telephone interview from St. Louis, Michael E. Pulitzer, vice chairman of Pulitzer Publishing, said Sagan ''will be the overall boss'' of both Southtown and Lerner, but there are no current plans to merge the two operations.

Sagan said that, with Southtown, Pulitzer Publishing will own daily and weekly papers with more than 700,000 circulation in the Chicago area.

He said Pulitzer Publishing plans to expand the reach of those publications. Both Sagan and Pulitzer said there are no plans to create a metropolitan daily to compete with The Tribune and the Sun-Times.

''We`ll stick with community newspapers,'' Pulitzer said.

Sagan said, ''Our feeling is that there is a great deal of growth possible in the community newspaper market here.''

Pulitzer Publishing is a family-owned company that also owns the St. Louis Post-Dispatch, the Arizona Daily Star, seven television stations and two radio stations.

Pulitzer said the Southtown acquisition was approved unanimously by his company`s board of directors at a meeting last Monday.

1987 (July 16)

https://www.newspapers.com/image/388539083/?terms=%22Bruce%20sagan%22&match=1

1987-07-16-chicago-tribune-pg-03-clip-sagan.jpg

2009 (Jan 20) - Article highlighting how important the role of the Hyde Park Herald was to Barack Obama's early political success; mentions Bruce Sagan

https://www.newspapers.com/image/308536530/?terms=bruce%20sagan%20obama&match=1

2009-01-20-quad-city-times-pg-a11

2009-01-20-quad-city-times-pg-a11-clip-obama

2011 (Dec 23)

https://www.newspapers.com/image/233150135

2011-12-23-chicago-tribune-pg-01

https://www.newspapers.com/image/233150205/?terms=warren%20buffett%20bruce%20sagan&match=1

2011-12-23-chicago-tribune-pg-03

2011-12-23-chicago-tribune-pg-03-clip-news

2016 (Feb 05) - The Morning Call (Allentown) -

Full newspaper page : [HN024D][GDrive]

2016 (Feb 19) - Chicago Tribune

Page 12 image : [HN024C][GDrive]

2016 (Feb 06) - Interview on Chicago Newsroom

https://www.youtube.com/watch?v=mwKg4ZL275c&t=2658s

BRUCE SAGAN, on Chicago Newsroom (father of Paul Sagan (Akamai Moderna Klaus Schwab)) Feb 2016

249 views Feb 25, 2016

2015-02-24-youtube-can-tv-chicago-newsroom.mp4

CAN TV

Ken Davis is joined by Bruce Sagan, Chicago Sun-Times. They discuss his new assignment as Chairman of Sun-Times Holdings, which now operates the newspaper. He expresses his deep optimism about the paper’s future, building on its strong brand, knowledgeable staff and its debt-free status. He also tells us that the Sun-Times will be launching a new website in March, which he hopes will overcome many of the criticisms the current site has endured. This program was produced by Chicago Access Network Television (CAN TV).

2012 (May)

https://www.youtube.com/watch?v=_0x9QLuNOuk

2012 Public Humanities Award Video- Bruce Sagan, Bette Cerf Hill

(May 2012) DAVID AXELROD - Thank You BRUCE SAGAN / 2012 Public Humanities Award Video

2012-05-29-youtube-illinois-humanities-2012-public-humanities-award-bruce-sagan-bette-cerf-david-axelrod.mp4

274 viewsMay 29, 2012

Illinois Humanities

On May 23, 2012, the Illinois Humanities Council honored Bruce Sagan and Bette Cerf Hill with the Public Humanities Award at the IHC's annual Public Humanities Awards Luncheon. The award is given annually to individuals for their contributions to public understanding of the role the humanities play in enriching civic life and strengthening communities, Bette and Bruce are recognized for their work in bringing civic purpose to cultural life. For more info, please visit the Illinois Humanities Council website, www.prairie.org

2020 (July 08) - Block Club Chicago : " Bruce Sagan, Hyde Park Herald’s Owner Since 1953, Retires After 7 Decades Of ‘Thoughtful,’ ‘Potent’ Journalism "

Saved as PDF : [HX002R][GDrive]

HYDE PARK — Bruce Sagan was a teenager when he first saved a community’s newspaper.

As a tenth grader at Summit High School in Summit, New Jersey, with three years experience editing his junior high’s newspaper, Sagan discovered the paper had folded at Summit High. He set out to revive it — and did just that.

Less than a decade later, in 1953, Sagan would take that experience to a bigger stage. He and his wife Judith scrounged up $2,500 to save the Hyde Park Herald from an already-announced closure

The purchase kicked off Sagan’s 69-year career at the Herald’s helm, as he shaped it into a paper with a penchant for detail, an activist bent and a dedication to the unique community it served.

After more than seven decades in the Chicago-area hyperlocal news business, 93-year-old Sagan retired last week and transferred the Herald to a new nonprofit led by the South Side Weekly.

The Herald and Weekly will remain standalone papers. The merger formalizes a partnership that’s put the outlets in close collaboration, including sharing an office, for more than two years already

The merger can best honor the years of work Sagan put into “Chicago’s oldest community newspaper” with one, not-so-simple task — “by being thoughtful about its journalism,” he said.

The front page of the Hyde Park Herald recognizes the retirement of Bruce Sagan at the South Side Weekly newsroom in Woodlawn on July 27, 2022.

A ‘Public Citizen’ Of Hyde Park

Sagan first moved to Hyde Park in 1946 as a 16-year-old University of Chicago enrollee

He entered the university’s undergraduate program — “I never finished,” he said. He’d later enter its law school — “I never finished,” he said.

A sociology professor once quipped that Sagan missed so many classes, it was only by reading Sagan’s writings for the university’s newspaper, the Chicago Maroon, that the professor could confirm he was an active student there.

Sagan entered professional journalism in 1951 at 22 years old, securing a job as a “copy boy” for the Hearst International News Service.

He then worked about two years an overnight editor for the legendary City News Bureau. His was a midnight-8 a.m. shift where staffers half-joked that they covered the Mafia assassinations beat, he said.

As Sagan sought a more sustainable reporting job in 1953, he was rejected for a position at the Chicago Sun-Times, where he would later return to serve as chairman.

Shortly afterward, a group of Hyde Parkers approached Sagan, who by then was a 24-year-old “public citizen” of the neighborhood who dedicated his time to block clubs and other community initiatives, he said.

The group wanted the budding reporter to consider buying the failing Herald, whose publisher had already announced the paper’s demise.

Given the Herald’s precarious finances, “the offer of Hyde Park was obviously scary, but very attractive,” Sagan said. The 24-year-old Sagan borrowed $2,500 from loved ones to take over the paper, which ran the next week without interruption.

Under Sagan’s leadership, the Herald “went into detail of an intimately small kind” as it covered pressing neighborhood issues, he said.

Hyde Park’s burgeoning “urban renewal” project — a controversial, decades-long redevelopment plan that followed widespread demolitions and saw hundreds of millions of dollars poured into the community — received particular attention from the paper in Sagan’s early years.

Credit: Colin Boyle/Block Club Chicago

Mary Leonard, office manager of of South Side Weekly NFP, Jason Schumer, managing director of South Side Weekly NFP, and Hannah Faris, editor of the Hyde Park Herald, pose for a photo with copies of the Hyde Park Herald that recognize the retirement of Bruce Sagan at the South Side Weekly newsroom in Woodlawn on July 27, 2022.

The Herald printed the urban renewal plans that would be passed by City Council in 1958 “so the community could see them and discuss them”; wrote about neighborhood crime, “which was high on [neighbors’] list of concerns”; and promoted the Whistle Stop crime prevention program, Sagan said.

“This idea that you could re-plan an existing area, keep people in it and still do things to modernize that community, that was a new idea,” Sagan said. “It needed explaining … and it needed a vehicle which could communicate to the community its details that other journalistic enterprises wouldn’t do.

“A Downtown daily newspaper covering the entire metropolitan area was never going to do it,” he said.

The paper also covered race relations as the urban renewal project moved forward, including a 1958 proposal from socialist Ald. Leon Despres (5th) to ban racial discrimination in rental housing.

Hyde Park’s status as an interracial community in the years following urban renewal remains an issue worth covering, Sagan said

The Herald under Sagan’s watch “thrived on community conflict rather than merchandising consensus, and became a potent force,” former editor Lee Pavatiner said in a statement.

Detailed coverage of major social issues was no small task for a skeleton crew that at some points was just Sagan and an editor, with perhaps one other journalist, he said.

Sagan regularly spent “about 200 hours per week” putting the paper to print, he joked, distributing it and securing advertisements from local businesses and for the classifieds section.

In 1958, five years after taking over the Herald, Sagan purchased the Southtown Economist, which grew into a chain of 28 publications. The papers eventually merged into one daily paper in the south suburbs, which was a predecessor to the modern Daily Southtown. Sagan sold the Southtown in 1986 reportedly for $40 million and retired from it two years later.

The Lakefront Outlook — a small sister publication to the Herald started by Sagan in 1999 — won a prestigious George Polk Award in 2006 for its investigation into then-Ald. Dorothy Tillman and the Harold Washington Cultural Center. Tillman lost her re-election bid to Ald. Pat Dowell (3rd) the next year.

“His career had such a fundamental impact on newspapers and news in the city, as well as nationally,” South Side Weekly publisher Jason Schumer said. “The man at some point had [nearly] 30 community newspapers. … He was very interested in experimenting with various markets and how to get people the news they wanted.”

Beyond his journalism career, Sagan is an avid patron of the arts. He is one of the Joffrey Ballet’s inaugural board members, having served since it moved to Chicago from New York City in 1995.

Sagan is also on the board of the Steppenwolf Theatre. John Malkovich, a charter member of the theater, feted him with a script reading on his 80th birthday.

Sagan’s primary occupations of journalism and performance art sometimes overlap, with perhaps no clearer example than his ownership of the Harper Theater in Hyde Park.

When the rejuvenated Herald’s headquarters was set to be torn down as part of the neighborhood’s urban renewal project in 1960, Sagan began looking for new office space. He bought the Harper Theater in 1961 and moved the paper to the theater building’s upper floor.

Sagan made wholesale changes to the theater itself starting in 1964, cutting its capacity to 300. Inspired by New York City’s “off-Broadway” productions, he turned the Harper into an “off-Loop” theater where professional actors could perform for more intimate audiences.

The Harper Theater held an annual dance festival organized by the Sagans, hosted the Joffrey Ballet in 1965, and was home to other live theater and dance programs before it reverted to a movie theater around 1970, Sagan said. The Herald moved out of the building in the 1980s.

A Longtime Partnership, Made Formal

Though Sagan transferred the Herald to the Weekly on July 1, and the merger was made public Thursday, the two outlets have been closely linked for more than two years.

They’ve shared an office since June 2020 at the Experimental Station, 6100 S. Blackstone Ave., which technically makes the Hyde Park Herald a Woodlawn-based outlet. Schumer and the Weekly have overseen publishing and other day-to-day duties at the Herald since October of that year.

The Herald and the Weekly will continue to operate as standalone newspapers.

With the merger, the Weekly is essentially repeating what Sagan did 69 years ago — tagging in to stabilize Hyde Park’s longstanding paper, Schumer said.

“Our version of that is, let’s build an infrastructure to subsidize a lot of the cost and the work that it takes to start up a community newspaper,” Schumer said.

Credit: Colin Boyle/Block Club Chicago

Jason Schumer, managing director of South Side Weekly NFP, Mary Leonard, office manager, and Hannah Faris, editor of the Hyde Park Herald, insert papers recognizing new ownership and the retirement of Bruce Sagan at the South Side Weekly newsroom in Woodlawn on July 27, 2022.

It’s a model he believes could be used to take on other existing hyperlocal papers and create new outlets down the line, he said.

“It’s a much leaner operation, it’s much cheaper, you’re also sharing a lot of resources and expertise — but still, importantly, having editorial independence that’s rooted in the neighborhood,” he said.

Sagan trusts the South Side Weekly with the future of the newspaper to which he dedicated nearly 70 years of his life. “We wouldn’t be having this announcement if I didn’t,” he said.

But this is no clean break. Sagan will remain available from his home in upstate New York, offering guidance and support to the paper’s leadership, he said.

“I’m never done,” Sagan said.

2021 (Nov) - Fundraiser attendance for Clinton Foundation


Other Research that may be helpful ...

https://www.crunchbase.com/person/bruce-sagan


Overview

Edit Overview Section

Number of Current Board & Advisor Roles

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CB Rank (Person)

12,262

Bruce Sagan has been publisher of the Hyde Park Herald for 58 years. He has spent more than half a century reporting, writing and publishing for and about the neighborhoods and communities of the Chicago area.

During his journalism career he has published newspapers in four states, been a partner of the English company that publishes theFinancial Times, worked with The New York Times on developing their national edition and started a regional daily newspaper in the Chicago suburbs.

A past president of the Illinois Press Association, Sagan was a founding director of the Suburban Newspapers of America.

Sagan has been a consultant to The Washington Post and Media General.

Most recently, Sagan worked at Northwestern University's Medill School of Journalism on revising the curriculum for the 21st century.

Sagan has served as vice chairman of the Chicago Public Library Board, chairman of the Illinois Arts Council, chairman of the Illinois Housing Development Authority, and secretary of the Chicago Housing Authority.

Sagan is on the board of directors of the Steppenwolf Theater Company, the Joffrey Ballet, the Chicago Public Library Foundation and the Graham Foundation for Advanced Studies in the Fine Arts.



Saved Wikipedia (Aug 09, 2022) - "Omaha Sun"

https://en.wikipedia.org/wiki/Omaha_Sun

2022-08-09-wikipedia-org-omaha-sun.pdf

  • Type : Weekly newspaper

  • Founded : December 27, 1951

  • Language : English

  • Ceased publication : August 31, 1983

  • Headquarters : Omaha, Nebraska

The Omaha Sun was a weekly newspaper that published from December 27, 1951 to August 31, 1983.[1] It was formerly owned by Berkshire Hathaway, a company headed by investor [Warren Edward Buffett (born 1930)].[2]

The staff of The Sun Newspapers of Omaha, Nebraska was awarded a Pulitzer Prize for Local Investigative Specialized Reporting in 1973 for uncovering the large financial resources of Boys Town, a Catholic youth care center and charity, leading to reforms in the organization's solicitation and use of funds contributed by the public.[2][3]

Buffett's Berkshire Hathaway bought the newspapers in 1968. The company sold them in 1980 to Hyde Park Herald publisher Bruce Sagan. The Sun newspapers stopped publishing in 1983.[1]

References

Encyclopedia.com :

https://www.encyclopedia.com/social-sciences-and-law/economics-business-and-labor/businesses-and-occupations/berkshire-hathaway-inc

International Directory of Company HistoriesBerkshire Hathaway Inc.
Views 3,482,948Updated May 14 2018Berkshire Hathaway Inc.
1440 Kiewit PlazaOmaha, Nebraska 68131U.S.A.(402)346-1400Fax: (402) 346-3375
Public CompanyIncorporated: 1889 as Berkshire Cotton Manufacturing CompanyEmployees: 35,000 (1996)Assets: $35.5 billion (est. 1996)Stock Exchanges: New YorkSICs: 2711 Newspaper Publishing & Printing; 2731 Book Publishing & Printing; 6331 Fire, Marine & Casualty Insurance; 6719 Holding Companies, Not Elsewhere Classified
Berkshire Hathaway Inc. and its subsidiaries are involved in several different businesses, the most significant of which is property, casualty, and auto insurance (GEICO) both directly and through reinsurance. Berkshire’s other businesses include publishing (the Buffalo News, World Book, Childcraft; manufacturing (See’s Candies, Campbell Hausfeld, Kirby, Fechheimer Brothers Company); retailing (Borsheim’s, Helzberg’s Diamond Shops, Nebraska Furniture Mart, R.C. Willey Home Furnishings, H.H. Brown Shoe Company, Dexter Shoe), and banking (Mutual Savings & Loan Association). Investing through its insurance subsidiaries, Berkshire often buys major shares of other publicly traded companies (American Express, Capital Cities/ABC, Coca-Cola, Gillette, Salomon Inc., Washington Post, and Wells Fargo); its chairman, Warren Buffett, is renowned for his expertise in selecting stocks with hidden appeal and staying power.
Humble Beginnings, 1889 Through The 1940sBerkshire Hathaway Inc. began as a textile company, incorporated as Berkshire Cotton Manufacturing Company in Massachusetts in 1889. In 1929 several other New England textile manufacturers with much common ownership—Valley Falls Company, Coventry Company, Greylock Mills, and Fort Dummer Mills—merged into the company, which was then renamed Berkshire Fine Spinning Associates. This operation accounted for about 25 percent of the fine cotton textile production in the United States.
The glory years of the New England textile industry were numbered. The Great Depression of the 1930s contributed to its decline, as did competition from the South and overseas. Wages were lower in the South, and Southern workers had fewer alternatives than New Englanders for working in the textile mills. Further, market factors favored the coarser types of goods produced in the South, while wage differentials between the U.S. and foreign competition were often significant.
The New England textile business recovered somewhat during World War II, thanks to military demand for its products, and had a similar brief recovery during the Korean conflict. Still, the industry declined again after each of these upswings.
Diversification Is Good For The Soul, The 1950s And 1960sIn 1955 Berkshire Fine Spinning merged with Hathaway Manufacturing Company, a New Bedford, Massachusetts, textile maker dating back to 1888. The resulting company, Berkshire Hathaway Inc., had more than 10,000 employees and nearly six million square feet of plant space, but its financial performance was dismal. Berkshire Hathaway closed its extensive operations in Adams, Massachusetts, in 1958, and the same year sold its curtain plant in Warren, Rhode Island, to Pilgrim Curtain Company. The company recovered a bit the following year; a contract negotiated between Berkshire and its unionized employees in 1959 marked the first wage increase for New England textile workers since 1956.
By late 1959 and into 1960, the company was operating profitably and had a backlog of unfilled orders. Depressed conditions returned quickly, however, and in 1961 Berkshire cut its work week to four days at several plants and showed a loss for the year. In 1962 the company closed three plants in Rhode Island and showed even greater losses, due to depressed prices for its products. The financial hemorrhaging continued into the mid-1960s, despite cuts in Berkshire’s workforce and an extensive plant modernization. In 1965 came a major change in the company’s management: a partnership led by investor Warren Buffett had purchased enough stock to control the company, and in a resulting dispute Seabury Stanton, a 50-year Berkshire employee, resigned as president. Kenneth V. Chace, a vice-president who had been with the company 18 years, replaced Stanton. After Buffett gained control of Berkshire, its operations were gradually moved from New Bedford to Omaha, Nebraska, where Buffett was based.
Berkshire Hathaway was profitable in 1965 and 1966, but profits fell sharply as it began its 1967 fiscal year. The company was actively shopping for acquisitions to help it diversify, and in 1967 it entered the insurance business, buying National Indemnity Company and National Fire & Marine Insurance Company for a total of $8.5 million. Acquisition of the two Omaha-based companies, which primarily handled automobile insurance, was expected to help Berkshire overcome the cyclical nature of the textile business. In 1968 the company made another significant acquisition, of Sun Newspapers, a group of Omaha-area weeklies. In 1969 it bought Illinois National Bank & Trust Company of Rockford. Buffett, who became Berkshire’s chairman in 1969, tended to acquire companies whose management and products he liked, rather than buying companies with the intention of making major changes. Both Buffett’s company and his reputation as an expert investor continued to grow for decades to come.
From Medium To Large, 1970–79Berkshire Hathaway’s expansion and diversification continued at a steady pace. During 1969 and 1970 it bought controlling interests in Blue Chip Stamps (which owned See’s Candies, a chocolate maker and retailer) and Wesco Financial Corporation, a savings and loan operator. Berkshire’s insurance operations grew with the formation of Cornhusker Casualty Company as part of the National Indemnity group in 1970 and Lakeland Fire and Casualty Company (now National Indemnity Company of Minnesota) also as part of that group, in 1971. Additionally, in 1971, Berkshire acquired Home & Automobile Insurance Company (now National Liability and Fire Insurance Company) and in 1972 formed Texas United Insurance Company, which it later merged into National Indemnity. Four years later, in 1976, the National Fire & Marine subsidiary acquired its only wholly owned subsidiary, Redwood Fire & Casualty Insurance Company and Berkshire began buying shares in GEICO (Government Employees Insurance Company).
In 1977 Berkshire continued to acquire related businesses, this time Cypress Insurance Company, and then the Kansas Fire & Casualty Company was formed. The same year, it made another move into the newspaper business by purchasing, through Blue Chip Stamps, the Buffalo Evening News, a six-day afternoon paper. The News competed against a morning paper with a Sunday edition, at a time when morning papers were outstripping evening papers in popularity. After the acquisition by Berkshire, the News increased competition by publishing a Sunday edition and within five years had bested its rival, the Courier-Express, which then went out of business.
Berkshire formed another insurance company, Continental Divide Insurance Company, in 1978. Through a merger with Diversified Retailing Company, Berkshire acquired two more insurers, Columbia Insurance Company and Southern Casualty Insurance Company, in 1978; Southern Casualty was later merged into National Indemnity. Even with Warren Buffett’s growing reputation, not every company was eager to become part of Berkshire; CSE Corporation, the holding company for Civil Service Employees Insurance Company, turned down an informal takeover offer in 1979. Because Berkshire didn’t execute hostile takeovers, the acquisition wasn’t pursued.

From Large To XXL, The 1980s

In 1980 Berkshire spun off Illinois National Bank & Trust, a move required by the Bank Holding Company Act of 1969. A year later the company sold Sun Newspapers to Chicago publisher Bruce Sagan and began work on a rather unheard of practice. The next year, 1982, Berkshire instituted an unusual corporate philanthropy program that won praise from shareholders by allowing them to direct a portion of the company’s charitable contributions. With this policy, Buffett said he hoped to foster an “owner mentality” among shareholders. Shareholders responded enthusiastically, with more than 95 percent of eligible shares participating in each year since the program’s inception. The amount directed to charities of their choice was $2 a share in 1981 (the figure rose to $6 a share by 1989). Buffett’s own favorite causes included population control and nuclear disarmament.


During the early 1980s the textile business continued to languish, and the insurance industry was hit by poor sales and price cutting. Berkshire’s performance, however, was buoyed by the performance of its investment portfolio. Buying significant but noncontrolling blocks of stock in such companies as The Washington Post Company, Media General, and additional shares of GEICO Corporation, Berkshire’s holdings grew in value by 21 percent in 1981—a year in which the Dow Jones Industrial Average declined by 9.2 percent—and earnings grew 23 percent per share.
Company Perspectives:Berkshire Hathaway Inc. is a holding company with an ever-increasing number of subsidiaries engaged in a myriad of business activities. Originally in textiles, Berkshire’s reach has extended to insurance, retailing, manufacturing, publishing, and banking. Run by the dynamic Warren Buffett and his partner Charles Munger, Berkshire’s name and reputation have become synonymous with its legendary investment portfolio, which has garnered excellent results far in excess of the S & P 500 and other indicators.
In 1983 the 60 percent-owned Blue Chip Stamps merged with Berkshire Hathaway, the same year the company acquired 90 percent of the Nebraska Furniture Mart, a high-volume Omaha discount retailer and the largest U.S. home furnishings store founded by a Russian immigrant, Rose Blumkin. The Blumkin family retained management and the remaining ownership of the store, and Buffett had been known to promote it during annual shareholder meetings, often running buses to the store (a practice continued to this day). Also in 1983, another insurance company, National Indemnity Company of Florida, was formed and added to the National Indemnity group.
The mid-1980s proved a heady time for Berkshire with several monumental agreements and the sad denouement of its textiles business. Early in 1985 the company participated in Capital Cities Communications’ acquisition of the American Broadcasting Company (ABC). Buffett agreed to put up $517.5 million in financing for the deal and came out with an 18 percent share of the merged company, Capital Cities/ABC. The investment community saw the move as unusual for Buffett, who tended to hunt for undervalued companies and stay away from high-priced deals. Buffett, however, said he saw the investment climate changing, with good prospects for companies like television networks which had intangible assets rather than heavy investments in plants and equipment.
Then came the end of Berkshire Hathaway’s money-losing textiles operation, which the company had tried to sell. After finding no buyer, Berkshire liquidated the conglomerate’s originating business due to increasing lower-cost foreign competition. Buffett lauded the efforts of Kenneth Chace—who remained a Berkshire director—and of Garry Morrison, who had succeeded him as president of textiles. Buffett had kind words for the unionized textile workers as well, who had made only reasonable demands in view of the company’s financial position.
Later the same year Berkshire agreed to acquire Scott & Fetzer Company, a Cleveland, Ohio-based diversified manufacturing and marketing company, for about $320 million. Scott & Fetzer’s products included World Book and Childcraft encyclopedias, and Kirby vacuum cleaners. At the same time Berkshire’s insurance business underwent several changes. In a tight market for insurance, many commercial insurance buyers needed a financially stable company to underwrite large risks, so National Indemnity, Berkshire Hathaway’s largest insurance company, advertised in an insurance trade publication its willingness to write property and casualty policies with a premium of $1 million or more. The advertisement produced an explosion in large-premium business for Berkshire; the company wrote $184.5 million in net premiums for large accounts from August 1985 through December 1986, compared with virtually no such business previously.
Also during 1985, Berkshire reached an agreement with Fireman’s Fund Insurance Company which allowed it a 7 percent participation in Fireman’s business. John J. Byrne, an executive of GEICO—an insurer partly owned by Berkshire and that shared a long history with Buffett—left to become chairman of Fireman’s Fund earlier in the year, and had arranged the deal. Another insurance move during 1985 was the establishment of Wesco-Financial Insurance Company by Berkshire’s Wesco Financial Corporation subsidiary.
In 1986 Berkshire finalized its Scott & Fetzer deal and went on to acquire 84 percent of Fechheimer Bros. Company, a uniform manufacturer and distributor based in Cincinnati, Ohio. The next year as the stock market continued the upward rise begun earlier in the decade, Buffett’s policy of buying undervalued stocks and holding them for the long-term paid off well. In August 1987 the Wall Street Journal reported that in the five years since the market’s surge began, Berkshire’s stock portfolio had grown in value by 748 percent, far surpassing the Dow Jones average (which increased 233.6 percent) and Standard & Poor’s (S&P) 500 stock index (which gained 215.4 percent).
When the stock market crashed in October and wiped out the year’s gains, Berkshire’s portfolio weathered the storm and was up 2.8 percent for the period—while the S&P 500 experienced a 2.5 percent decline. Just before the crash, Berkshire had bought $700 million-worth of preferred stock (convertible to a 12 percent common stake) in Salomon Inc., the Wall Street investment firm whose fortunes were closely tied to the market. Even after the crash, however, Buffett expressed his confidence in Salomon’s management and the investment’s inherent value. Another major event of 1988 was the listing of Berkshire’s stock on the New York Stock Exchange (NYSE). Although the stock had previously traded in the over-the-counter market, the move was designed to reduce transaction costs for shareholders.
Berkshire Hathaway became the highest-priced stock on the exchange, at about $4,300 a share, up from $12 a share when Buffett first bought the company. The price hit a high for the decade of more than $8,000 a share but the ever-dynamic Buffett always encouraged buyers to be in the market for the long haul over frequent trading. And Buffett was not of the do-as-I-say-not-as-I-do school, for both he and Berkshire have proven themselves to be long-term shareholders in other companies, leading some to view Buffett as a protector against hostile takeovers. During 1989 the company bought significant shares of the Gillette Company, US Air Group, and Champion International Corporation, with each purchase widely interpreted as a defense against takeovers. Another major purchase was 6.3 percent or $1 billion-worth of the Coca-Cola Company (making Berkshire Coke’s second-largest shareholder) and an 80 percent interest in Borsheim’s, an Omaha jewelry store run by the Friedman family, relatives of the Nebraska Furniture Mart’s Blumkins.
As Berkshire grew, so did Buffett’s recognition and reputation as a no-nonsense businessman. To many, part of Buffett’s charm was speaking his mind, even if his opinions weren’t always fashionable. Buffett’s frank assessment of situations brought him both fans and foes, like when he pulled the Wesco Financial-owned Mutual Savings & Loan Association of Pasadena, California, out of the U.S. League of Savings Institutions in 1989. Buffett’s move was in response to the League’s lobby for more leniency during the federal bailout of the S & L industry, which Buffett likened to a “mugging” of taxpayers. Another of Buffett’s business stratagems, to the chagrin of many corporate honchos, was his belief that executive compensation be tied to a company’s performance, not its size.
The Mega-Conglomerate With A Down-Home Feel, 1990sIn the early 1990s Berkshire continued its trend of buying complementary companies and large blocks of stock: the acquisition of H.H. Brown Shoe Company; 31.2 million shares of Guinness PLC; and 82 percent of Central States Indemnity in 1991; Lowell Shoe Company for H.H. Brown, and 14.1 percent of General Dynamics Corp. in 1992. In a related though somewhat surprising move in 1991, Buffett was appointed interim chairman of Salomon Inc. (in which the company still owned stock). After serving 10 months and effecting a turnaround, Buffett was happily back at the helm of Berkshire Hathaway full-time, although both Buffett and Munger joined the board of the ailing US Air in 1992.
The following year, H.H. Brown added Dexter Shoe to its holdings, Buffett sold 10 million shares of Capital Cities/ABC, and net earnings posted a spectacular surge from 1992’s $407.3 million (down from 1991’s $439.9 million) to $688.1 million. In 1994, Berkshire added major stock holdings of two companies to its portfolio (4.9 percent of Gannett Co., Inc. and 8.3 percent of PNC Bank Corp.) and Buffett admitted to two expensive gaffes: a $222.5 million faux pas from unloading 10 million Cap Cities shares for $64 each when prices topped $85, and taking a $268.5 million writedown for its questionable USAir stock (both Buffett and Munger stepped down from the airline’s board after a year). Though Buffett was perhaps too optimistic with USAir and a bit pessimistic about Cap Cities, neither setback made more than a tiny ripple in Berkshire’s bottom line.
During the mid-1990s Berkshire Hathaway imperceptibly changed course from a strategic long-term investment conglomerate to one still very much interested in investing but leaning more heavily towards acquiring and actually operating these investment opportunities. As early as 1993 in its annual solicitation for attractive acquisitions, Berkshire had raised the stakes by including the statement “We would be likely to make an acquisition in the $2-3 billion range.” By 1995, after the company acquired Helzberg’s Diamond Shops and R.C. Willey Home Furnishings through stock swaps, the stakes had risen further—up to the $3-5 billion range. Meanwhile, as Berkshire’s “permanent four” (Capital Cities/ABC, Coca-Cola, GEICO, and Washington Post) lost a hint of their luster in 1995, the retailing segment more than offset this slip with Borsheim’s, Kirby, Nebraska Furniture Mart, and Scott Fetzer (which posted exceptional numbers for the entire decade) exceeding expectations.
Late in 1995 Berkshire began the process of taking GEICO, the seventh largest auto insurer in the nation, private. Buffett’s long history (45 years) with GEICO came full circle—after years of mentoring from Ben Graham and Lorimer Davidson, 43 years after selling his original 350 shares, and 15 years since Berkshire paid $45.7 million for a 33.3 percent stake of GEICO (which grew to 50 percent in the ensuing years)—the company spent $2.3 billion to make GEICO its own. With the GEICO deal completed in January 1996, Berkshire Hathaway’s insurance segment mushroomed in both float and potential earnings, becoming more stalwart as the company’s core segment. Number-wise, Berkshire finished 1995 with $29.9 billion in assets, a good-sized leap from the previous year’s $21.3 billion, while Berkshire stock traded at $36,000 per share, over three-and-a-half times higher than 1992’s mere $10,000 a share.
News in 1996 was the planned issuance of $100 million in new Class “B” stock (the company’s original shares were now designated Class “A” stock), valued at one-thirtieth the price of its predecessor. The recapitalization was done in part, Buffett explained in the 1995 annual report, to discourage brokers from marketing unit trusts and seducing clients with the Berkshire name. Since most small investors found Berkshire’s per share cost prohibitive, Buffett was attempting to make the company’s stock available at a lower price without going through “expense-laden unit trusts” pretending to be Berkshire “clones.” Yet what folks needed to remember, according to Buffett, was not book value, but intrinsic value. By measuring intrinsic value, an economic indicator rather than an accounting concept, investors had a better handle on worth and whether or not something was a good long-term risk. In these terms, Buffett hoped to double Berkshire’s per-share intrinsic value (of Class A stock) every five years, which was still a rather daunting task. Yet if anyone could do it, it was Warren Buffett, Charlie Munger, and Berkshire Hathaway.
As no one foretold the riches Berkshire had gained in just the last 10 years, few would hazard a guess of where the company would be by the year 2000. In this case, however, saying the sky was the limit would not be portentous. As for Chairman Buffett’s future, when asked by a Harvard Business School student when he planned to retire, Buffett quipped “About five to ten years after I die.” Such was the singular spirit and humor of the man—perhaps the world’s most celebrated and successful businessman and investor—running Berkshire Hathaway.
Principal SubsidiariesBHR; Berskhire Hathaway Credit Corporation; Berkshire Hathaway Life Insurance Co.; Blue Chip Stamps; Borsheim’s; H.H. Brown Shoe Co.; Buffalo News; Campbell Haufeld; Carefree; Dexter Shoe Companies; Fechheimer Bros. Co.; France; Halex; Helzberg’s Diamond Shops; K & W Products; Menem; Mrs. B’s Clearance and Factory Outlet Warehouse; Nebraska Furniture Mart; Northland; Powerwinch; Precision Steel Products; Quikut; ScottCare; Scott Fetzer Company; Scott Fetzer Financial Group; Scot Labs; Stahl; See’s Candies; Wayne; Wesco Financial; Western Enterprises; Western Plastics; R.C. Willey Home Furnishings; and World Book; Columbia Insurance Co.; Continental Divide Insurance Co.; Cornhusker Casualty Co.; Cypress Insurance Co.; Kansas Fire & Casualty Co.; National Indemnity Co.; National Indemnity Co. of Florida; National Indemnity Co. of Minnesota; National Fire & Marine Insurance Co.; National Liability & Fire Insurance Co.; Redwood Fire & Casualty Co.; Wesco Financial Corp.
Further ReadingCollins, Linda, J., “Berkshire’s Buffett Sees More Competition Ahead,” Business Insurance, May 7, 1990, p. 67.
Grant, Linda, “The $4 Billion Regular Guy,” Los Angeles Times, April 7, 1991, p. 36.
Hagstrom, Robert G., Jr., The Warren Buffett Way: Investment Strategies of the World’s Greatest Investor, New York: John Wiley & Sons, 1994.
Kilpatrick, Andrew, Warren Buffett: The Good Guy of Wall Street, New York: Donald I. Fine, 1992.
Kilpatrick, Andy, Of Permanent Value: The Story of Warren Buffett, Birmingham, Alabama: Andy Kilpatrick Publishing Empire, 1994.
Laing, Jonathan R., “The Collector: Investor Who Piled Up $100 Million in the ‘60s Piles Up Firms Today,” The Wall Street Journal, March 31, 1977.
Loomis, Carol J., “The Inside Story of Warren Buffett,” Fortune, April 11, 1988.
Lowenstein, Roger, Warren Buffett: The Making of an American Capitalist, New York: Random House, 1995.
Sosnoff, Martin, “Larry the Tortoise, Warren the Hare,” Forbes, January 27, 1997.
—Trudy Ring
—updated by Taryn Benbow-Pfalzgraf