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This is an old revision of this page, as edited by Jacob Veitch (talk | contribs) at 14:03, 18 June 2023 (Corrected the page. This appears to have been originally written by someone with a very bottom-up perspective, who was not aware of the real reason for the paper's closure. Angulo was an incredibly wealthy player in Puerto Rico, the paper did not run out of money, it was an artificial closure for legal purposes. That's why it reopened within a year, still owned by Angulo. I don't think the writer knew very much about the situation beyond barebones publicized details.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

The San Juan Star is the only English and Spanish newspaper in Puerto Rico. The Pulitzer Prize-winning newspaper was published by Star Media Network, a subdivision of San Juan Star, Inc.

History

The newspaper was founded in 1959 by William J. Dorvillier, and was intended for the English-speaking population in Puerto Rico. Pulitzer Prize-winning novelist William Kennedy was once the managing editor of the Star, soon after its inception to 1961. Other contributors included Eddie López and Juan Manuel García Passalacqua. Scott Ware served as managing editor from 1991 to 1992, then editor until 1994. The paper was sold in 1996 from then owner Scripps-Howard to Gerardo Angulo, a wealthy Cuban businessman and venture capitalist who had formerly worked for money manager Ivan Boesky.

Demise

On Friday August 29, 2008, The Star closed down, as part of a restructuring plan to eliminate its liabilities during the 2008 recession. In response to surging financing costs, Angulo legally outmaneuvered the paper's creditors in a ploy to transfer its assets to another one of his companies.

Relaunch

In 2009, The San Juan Star reopened under Angulo's shell company, renamed The San Juan Daily Star, having increased to daily publication: Monday through Thursday with an additional weekend edition. On October 23, 2015, Gerardo Angulo died as the result of a car crash while on a business trip to the Dominican Republic. The Star, along with the rest of Angulo's portfolio, totaling an estimated 300 Million USD., are now held in trust by his father, Dr. Ricardo Angulo, on behalf of his sons Matthew and Ricardo Angulo.

See also

• List of newspapers in Puerto Rico

References

1. Erwin, Ray (May 6, 1961). "Amarillo Globe-Times Wins Public Service Pulitzer". Editor and Publisher. Duncan McIntosh. Retrieved 2021-02-20.
2. "W. J. Dorvillier, 85; Founded Newspaper And Won a Pulitzer", New York Times, May 6, 1993
3. New York State Writers Institute William Kennedy Biography
4. William Kennedy (November 26, 2013), "Always an ink-stained wretch: William Kennedy on his life as a journalist", Columbia Journalism Review, New York
5. "Eddie Lopez, Humorist, Is Dead; Columnist for The San Juan Star", New York Times, November 28, 1971
6. "Sun Editor Scott Ware to Retire at Year's End". www.kitsapsun.com. Retrieved 2021-07-14.
7. "Warning Flags". Forbes. 3 May 1999. Archived from the original on February 15, 2004. Retrieved 21 January 2010.
8. Coto, Danica (29 August 2008). "Renowned 'San Juan Star' newspaper folds after 49 years". USA Today. Retrieved 21 January 2010.
9. Gillin, Paul (1 September 2008). "RIP San Juan Star". Newspaper Death Watch. Retrieved 8 September 2019.
10. "The San Juan Daily Star". www.sanjuanweeklypr.com.
11. "Gerardo Angulo Mestas '78". Princeton Alumni Weekly. November 18, 2016. Retrieved April 23, 2022.

External links

• Official site

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• Newspapers established in 1959
• Publications disestablished in 2008
• Newspapers established in 2009
• Mass media in San Juan, Puerto Rico
• Newspapers published in Puerto Rico
• English-language newspapers published in North America
• 1959 establishments in Puerto Rico
• 2009 establishments in Puerto Rico
• Puerto Rico stubs