Field Enterprises was a private holding company founded on August 31, 1944, by Marshall Field III and others to establish the Chicago Sun. The newspaper was later merged with the Chicago Times to create the Chicago Sun-Times.
In 1944, the company acquired the book publishers, Simon & Schuster and Pocket Books which were sold in 1957 following the death of Marshall Field III. Besides the Sun-Times, Field Enterprises also owned broadcaster Field Communications, founded Parade (magazine) magazine, and owned the World Book encyclopedia for a time as well.
Field Enterprises was dissolved in April 1984 after the sale of the Sun-Times, the last of their valuable assets, to Rupert Murdoch the previous year. Murdoch & News Corporation then sold the Sun-Times to Hollinger International (now the Sun-Times Media Group), formerly controlled, indirectly, by Canadian-born businessman Conrad Black.
References
- "Owns The Chicago Sun: Field Enterprises, Inc., Organized By Marshall Field", ''The New York Times, 1 September 1944, page 22.
- Friendly, Jonathan. "Murdoch Buys Chicago Sun-Times", The New York Times, 2 November 1983, page D1.
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