---
category: "Private Organization"
tags:
  - Organization
  - Media
  - Newspaper
  - Texas
  - BCCI
summary: "Houston daily newspaper, the largest in Texas in 1987, when the Houston Endowment sold it to the Hearst Corporation for 400 million dollars."
location: "Houston, Texas, USA"
relations:
  - type: owned
    with: "[[Hearst Corporation]]"
    reverse: true
    start: 1987
    fn: 1
  - type: owned
    with: "[[Houston Endowment]]"
    reverse: true
    end: 1987
    fn: 1
created: 2026-09-23
updated: 2026-09-23
---

The Houston Chronicle is a daily newspaper in [[Houston]], [[Texas]]. On March 12, 1987, when it was the largest daily in Texas, with a paid circulation of 425,434 daily and 528,153 on Sunday, it was sold to the [[Hearst Corporation]] for 400 million dollars. Its owner, the nonprofit [[Houston Endowment]], had to give up its controlling interest in the paper by 1989 under federal law.[^1]

### BCCI and Bush reporting

On June 4, 1992 the Chronicle published Jerry Urban's "Bush Said Friend's Arbusto Investment Was His Own, Not Saudi Money," on the investment by [[James R. Bath]] in [[George W. Bush]]'s oil company [[Arbusto Energy]].[^2]

### Footnotes

[^1]: "Houston Chronicle Bought by Hearst for $400 Million." *The Washington Post,* March 13, 1987. http://web.archive.org/web/20251106213046/https://www.washingtonpost.com/archive/business/1987/03/13/houston-chronicle-bought-by-hearst-for-400-million/7f0b6b51-2861-4938-88bd-0f43a32d6e88/
[^2]: Urban, Jerry. "Bush Said Friend's Arbusto Investment Was His Own, Not Saudi Money." *Houston Chronicle,* June 4, 1992. Reproduced at https://911timeline.s3.amazonaws.com/1990s/houstonchronicle060492.html