Abstract
From 1975 to 1981, Congressman Morris K. Udall of Arizona led a legislative fight to save the independent, family-owned newspaper at a time when there was still an opportunity, however small, to confront the industry trend of group ownership. Though initially unsuccessful in his attempts to garner support, Udall finally drew an attentive audience when he focused his efforts on a tax structure that he believed was responsible for an all-too-common scenario: Newspaper groups’ demand for additional properties was driving up the real market value of newspapers, therefore increasing the state and federal estate tax burden for owners wishing to leave their properties to their heirs. This research explores the debate that accompanied the nation's strongest attempt to preserve the independent, family-owned newspaper.
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