Community Newsdealers LLC history

These efforts were rewarded in 1965 when the paper won the first Pulitzer Prize to be awarded to a Boston journal in 45 years.

In August 1973 the Globe's financial structure underwent a major change when the trustees of Eben Jordan's trust and various members of the Taylor family sold stock in the company to the public for the first time.

In late 1975 the company acquired Research Analysis Corporation to conduct and market demographic surveys.

In 1981 the company entered a new field when it purchased a 45-percent share in McCaw Cellular Communications, a Washington-state-based cable television operator, for &Dollar;12 million.

In 1983 Affiliated made a major investment in what remained the centerpiece of its holdings, the Boston Globe, when it opened a satellite printing press for the newspaper in Billerica, Massachusetts, outside Boston.

Two years later, this move allowed the Globe to produce its largest daily issue ever--216 pages--and the largest Sunday paper, totaling 1,050 pages, one month later on December 1, 1985.

First, the company sold off its radio properties, divesting itself of its first two purchases separately, and then handing off an additional nine radio stations to EZ Communications for &Dollar;65.5 million in 1986.

The acquisitions expanded the company's profits to more than &Dollar;200 million for the fiscal year ending in December 1987.

By the end of 1988, however, the economy of New England fell into a recession, sharply limiting the profitability of the Globe.

The number of news dealers and newsstands has increased only slightly since 1992, when 2,260 newsstands were in operation.

Wholesale and Retail Trade USA. Farmington Hills, MI: Gale Group, 1995.

Bernstein, Elizabeth. "New Magazine Superstore Sells Books as 'Auxiliaries'." Publishers Weekly, 24 November 1997.

Healy News Store, Inc., of Wakefield, Rhode Island, is a small firm that managed to earn $1.2 million in sales with only nine employees in 1998.