Eugene C. Pulliam - Death/Posthumous

Death/Posthumous

Eugene C. Pulliam died at his home in Arizona in 1975, aged 86. His widow Nina Mason Pulliam took over the presidency of Central Newspapers holding the office until 1979. She also became the publisher of the Arizona Republic and the Phoenix Gazette. His son Eugene S. Pulliam took over as publisher of the Indianapolis Star and the Indianapolis News. His granddaughter Myrta Pulliam contributed to the Indianapolis Star's 1974 Pulitzer Prize-winning stories on police corruption.

On August 1, 2000 Central Newspapers, Inc. was acquired by the Gannett Company, Inc., for US$2.6 billion. His estate, the Eugene C. Pulliam Trust, owned 78% of the company's stock and was the principal beneficiary of the transaction.

As a condition of his will, Pulliam ordered that the trust could not sell the corporation unless it was "seriously threatened" by a "substantially complete loss" of value. In a somewhat controversial move the trustees interpreted this clause loosely and declared that the merger would be the only way to prevent the corporation from suffering a long term loss of value.

Persondata
Name Pulliam, Eugene C.
Alternative names
Short description
Date of birth May 3, 1889
Place of birth
Date of death June 23, 1975
Place of death

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