The 'New York Herald Tribune' was a daily newspaper created in 1924 when the New York Tribune acquired the New York Herald. It was viewed for most of its existence as the chief rival of The New York Times, and was widely regarded as a "newspaperman's newspaper," for both the breadth of its coverage and the quality of its writing. The paper won several Pulitzer Prizes during its lifetime.
A "Republican paper, a Protestant paper and a paper more representative of the suburbs than the ethnic mix of the city," the Herald Tribune, almost always referred to as the Trib, quickly became the major competition for the Times following its birth. The paper generally did not match the comprehensiveness of the Times' coverage, but its national, international and business coverage was generally viewed among the best in the industry while its writing was considered vastly superior to its rival's. At one time or another, the paper was home to such writers as Dorothy Thompson, Red Smith, Roger Kahn Richard Watts, Jr., Homer Bigart, Walter Kerr, Walter Lippmann, Judith Crist, Tom Wolfe and Jimmy Breslin. Editorially, the newspaper was the voice for eastern Republicans, later referred to as Rockefeller Republicans, and espoused a pro-business, internationalist viewpoint.
The paper, first owned by the Reid family, struggled financially for most of its life and rarely generated enough profit for growth or capital improvements; the Reids subsidized the Herald Tribune through the paper's early years. However, it enjoyed prosperity during World War II and by the end of the conflict had pulled close to the Times in ad revenue. A series of disastrous business decisions in the 1940s and 50s, combined with aggressive competition from the Times and poor leadership from the Reid family, left the Herald Tribune far behind its rival.
In 1958, the Reids sold the Herald Tribune to John Hay Whitney, a multimillionaire Wall Street investor who was serving as ambassador to Great Britain at the time. Under his leadership, the Tribune experimented with new layouts and new approaches to reporting the news, and made important contributions to the body of New Journalism that developed in the 1960s. The paper steadily revived under Whitney, but a 114-day newspaper strike stopped the Herald Tribune's gains and ushered in four years of strife with labor unions, particularly the local chapter of the International Typographical Union. Faced with mounting losses, Whitney attempted to merge the Herald Tribune with the New York World-Telegram and the New York Journal-American in the spring of 1966; the proposed merger led to another lengthy strike, and on August 15, 1966, Whitney announced the closure of the Herald Tribune, having spent $40 million in his attempts to keep it alive.
After the Herald Tribune closed, the Times and the Washington Post, joined by Whitney, entered an agreement to operate the International Herald Tribune, the paper's former Paris publication. The International Herald Tribune was renamed the International New York Times in 2013. New York magazine, created as the Herald Tribune's Sunday magazine in 1963, was revived by editor Clay Felker in 1968, and continues to publish today.