Field Enterprises, Inc. was a private

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

that operated from the 1940s to the 1980s, founded by

Marshall Field III Marshall Field III (September 28, 1893 – November 8, 1956) was an American investment banker, publisher, racehorse owner/breeder, philanthropist, grandson of businessman Marshall Field, heir to the Marshall Field department store fortune, ...

and others, whose main assets were the ''

Chicago Sun The ''Chicago Sun-Times'' is a daily newspaper published in Chicago, Illinois, United States. Since 2022, it is the flagship paper of Chicago Public Media, and has the second largest circulation among Chicago newspapers, after the '' Chicago ...

'' and ''

Parade A parade is a procession of people, usually organized along a street, often in costume, and often accompanied by marching bands, floats, or sometimes large balloons. Parades are held for a wide range of reasons, but are usually celebrations of s ...

'' magazine. For various periods of time, Field Enterprises also owned publishers

Simon & Schuster Simon & Schuster () is an American publishing company and a subsidiary of Paramount Global. It was founded in New York City on January 2, 1924 by Richard L. Simon and M. Lincoln Schuster. As of 2016, Simon & Schuster was the third largest publi ...

and

Pocket Books Pocket Books is a division of Simon & Schuster that primarily publishes paperback books. History Pocket Books produced the first mass-market, pocket-sized paperback books in the United States in early 1939 and revolutionized the publishing ...

, broadcaster

Field Communications Field Communications was an American broadcast media company and a wholly owned division of Field Enterprises, which owned the ''Chicago Sun-Times'' and the ''Chicago Daily News''. Based in Chicago, Illinois, the company owned UHF independe ...

, and the ''

World Book Encyclopedia The ''World Book Encyclopedia'' is an American encyclopedia. The encyclopedia is designed to cover major areas of knowledge uniformly, but it shows particular strength in scientific, technical, historical and medical subjects. ''World Book'' wa ...

''. It also operated a

syndication Syndication may refer to: * Broadcast syndication, where individual stations buy programs outside the network system * Print syndication, where individual newspapers or magazines license news articles, columns, or comic strips * Web syndication, ...

service,

Field Newspaper Syndicate The Field Newspaper Syndicate was a syndication service based in Chicago that operated independently from 1941 to 1984, for a good time under the name the Chicago Sun-Times Syndicate. The service was founded by Marshall Field III and was part of ...

, whose most popular offering was the

comic strip A comic strip is a Comics, sequence of drawings, often cartoons, arranged in interrelated panels to display brief humor or form a narrative, often Serial (literature), serialized, with text in Speech balloon, balloons and Glossary of comics ter ...

Steve Canyon ''Steve Canyon'' is an American adventure comic strip by writer-artist Milton Caniff. Launched shortly after Caniff retired from his previous strip, '' Terry and the Pirates'', ''Steve Canyon'' ran from January 13, 1947, until June 4, 1988. It e ...

''.

History

Field had founded the ''

'' and the Chicago Sun Syndicate in late 1941. Comic-strip historian

Allan Holtz Allan Holtz () is a comic strip historian who researches and writes about newspaper comics for his Stripper's Guide blog, launched in 2005. His research encompasses some 7,000 American comic strips and newspaper panels. In addition to his contribu ...

has written regarding the origins of the Field Syndicate and its relationship to the rest of the company: In 1944, soon after its establishment, Field Enterprises acquired the book publishers

and

. The next year, the company acquired ''

''. In 1948, Field merged the ''Chicago Sun'' with the ''

Chicago Daily Times The ''Chicago Daily Times'' was a daily newspaper in Chicago from 1929 to 1948, and the city's first tabloid newspaper. It is best known as one of two newspapers which merged to form ''Chicago Sun-Times'' in 1948. For much of its existence, the ...

'' to create the ''

Chicago Sun-Times The ''Chicago Sun-Times'' is a daily newspaper published in Chicago, Illinois, United States. Since 2022, it is the flagship paper of Chicago Public Media, and has the second largest circulation among Chicago newspapers, after the '' Chicago ...

''. Marshall Field III died in 1956; his son

Marshall Field IV Marshall Field IV (June 15, 1916September 18, 1965) was the owner of the ''Chicago Daily News'' from 1956 to 1965. Early life and education Marshall Field IV was born in New York City on June 15, 1916, to Evelyn (née Marshall) Field and Marsha ...

took over. Simon & Schuster and Pocket Books were sold in 1957. ''Parade'' was sold the following year (to ''

New York Herald Tribune The ''New York Herald Tribune'' was a newspaper published between 1924 and 1966. It was created in 1924 when Ogden Mills Reid of the ''New-York Tribune'' acquired the '' New York Herald''. It was regarded as a "writer's newspaper" and competed ...

'' publisher

John Hay Whitney John Hay Whitney (August 17, 1904 – February 8, 1982) was U.S. Ambassador to the United Kingdom, publisher of the ''New York Herald Tribune'', and president of the Museum of Modern Art. He was a member of the Whitney family. Early life Whit ...

). The company acquired the ''

Chicago Daily News The ''Chicago Daily News'' was an afternoon daily newspaper in the midwestern United States, published between 1875 and 1978 in Chicago, Illinois. History The ''Daily News'' was founded by Melville E. Stone, Percy Meggy, and William Doughert ...

'' in 1959, publishing that newspaper until it folded in 1978 (the same year the company sold ''World Book Encyclopedia''). Marshall Field IV died in 1965. From 1969 to 1980 investment banker Peter W. Smith was a Field Enterprises senior officer. In 1982, half-brothers

Marshall Field V Marshall may refer to: Places Australia * Marshall, Victoria, a suburb of Geelong, Victoria Canada * Marshall, Saskatchewan * The Marshall, a mountain in British Columbia Liberia * Marshall, Liberia Marshall Islands * Marshall Islands, a ...

and

Ted Field Frederick Woodruff "Ted" Field (born June 1, 1953) is an American media mogul, record executive, entrepreneur and film producer. He co-founded Interscope Records with Jimmy Iovine and founded Interscope Communications to develop and produce fi ...

, who each controlled half of Field Enterprises, were at odds on how the company should operate, which left them unable to work together. The two men sold their most valuable asset, the ''Sun-Times'' (as well as the

), to

Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including ...

News Corporation News Corporation (abbreviated News Corp.), also variously known as News Corporation Limited, was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New ...

in 1983 for US $90 million.Friendly, Jonathan
"Murdoch Buys Chicago Sun-Times,"
''The New York Times'', 2 November 1983, page D1. Field Enterprises was dissolved in April 1984.

References

External links

Field Enterprises Records
at

the Newberry Library The Newberry Library is an independent research library, specializing in the humanities and located on Washington Square in Chicago, Illinois. It has been free and open to the public since 1887. Its collections encompass a variety of topics rela ...

{{Field Communications Mass media companies disestablished in 1984 Mass media companies established in 1944 Newspaper companies of the United States 1944 establishments in Illinois 1984 disestablishments in Illinois