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