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Case file s306 · Divorce and feuds · 1988
1988
Died
Barry Bingham Sr., August 15, 1988
Place
Louisville, Kentucky · United States
Field
newspapers, broadcasting · Media and publishing on the timeline
Legal tradition
US common law (Kentucky) · Common law
Historical event
Sale of a Pulitzer-winning family newspaper to Gannett
AI illustration: Newspaper presses running in Louisville, Kentucky, 1986
Illustration made with AI for celebrity.estate.

The Binghams sold the Louisville Courier-Journal after a daughter demanded her shares be bought out

Robert Worth Bingham bought the Courier-Journal in 1918 with money inherited from his wife, Mary Lily Kenan Flagler†. Barry Bingham Sr. served on the Pulitzer Prize board. By the 1980s the family owned the Courier-Journal and Louisville Times, WHAS radio and television, and the printer Standard Gravure. Barry Bingham Jr. ran the papers. His sister Sallie Bingham, a writer, was critical of the family's management and wanted to sell her shares; she later called the family sexist. In 1986 Barry Bingham Sr. announced the family would sell all its media holdings. Gannett paid about $305 million for the two newspapers. WHAS-TV went to the Providence Journal and the radio stations to Clear Channel. Total proceeds were about $435 million. Barry Jr. called the sale "a betrayal." Sallie called it "a positive thing for Louisville, Kentucky and the family." By Barry Jr.'s own account, Sallie was the catalyst for the sale. She stayed estranged from the family and died in Santa Fe at 88†.

What the law took from it

A family company with no buy-sell agreement for a minority owner who wants out can be forced into a full sale.

Cite as: celebrity.estate, “The Binghams sold the Louisville Courier-Journal after a daughter demanded her shares be bought out,” story s306, https://www.celebrity.estate/binghams-1988, updated 30 October 2026.

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