1.7 KiB
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Houston daily newspaper, the largest in Texas in 1987, when the Houston Endowment sold it to the Hearst Corporation for 400 million dollars. | Houston, Texas, USA |
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2026-09-23 | 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
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"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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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 ↩︎