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Response to DeminPennswoods (Original post)

Thu Dec 1, 2016, 03:28 PM

4. It's been fun to watch the collapse

Scaife was determined to drive the Post-Gazette out of business. AFAIK, the Trib never made money and was subsidized by Scaife every year to the tune of millions. When he died, his mother's (Sarah Mellon Scaife) trust (known as the 1935 Trust) which was set up for his well-being was completely spent. Scaife has a son and daughter who were mad that there was nothing left for them. (Don't feel bad for them, they have their own lucrative trust fund.) They sued for an accounting and then it all came out about how the trustees, one (Gutnick) of whom was president of the paper, used up all the money when Scaife was very ill at the end and really didn't know what was going on. Gutnick also allegedly put a pen in Scaife's hand and had him "sign" a revised will. The kids are contesting that, too.

It's really hilarious to read the whole sorry saga.

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DeminPennswoods Dec 2016 OP
livetohike Dec 2016 #1
femmocrat Dec 2016 #2
ebbie15644 Dec 2016 #3
blue neen Dec 2016 #5
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DeminPennswoods Dec 2016 #4
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