[7] Hearst took full advantage of the economic boom, and starting in 1921, he went on a "buying spree" and purchased three newspapers; the Times in Detroit, the Record in Boston, and the Post-Intelligencer in Seattle.

[3] The old Firestone Building at the corner of East Genesee and South State streets in Syracuse was purchased to house both newspapers.

"[10] According to agent, Q. J. Coughlin, who handled the deal;[7] "The purchase of the building was the quickest real estate transaction ever made in Syracuse.

"[7] "Mr. Hearst's emissaries rushed the installation of equipment in order to begin publication before the Democratic State Convention, held in Syracuse that year.

[7] The total construction and remodel of the newly renamed Hearst Building, located at 400 East Genesee Street, spanned a period of 14 days instead of three months, the usual time necessary for such a task.

[7] For a period of two weeks, an army of artisans waged a "thrilling and fascinating race against time, working at top speed, morning, night and Sundays" to complete preparation for publication.

[12] The "mammoth scoreboard" was placed on the front of the Hearst Building at State and Genesee streets at a point where thousands could view the entire game.

In the days of extremely partisan newspapers, it held the reputation as one of the strongest Republican publications in New York State.

[13] In the three years that William Randolph Hearst published the Syracuse Telegram, he suffered an estimated loss of over $500 a day.

By the end of 1922, he had exhausted his working capital to pay off existing debt obligations and was still $500,000 short of meeting them all.

[15] The transaction was carried out, and Hearst "sold" the publication for $1,000,000 to Syracuse Newspapers, Inc., a new corporation and publisher of the consolidated paper.

After the merger was completed, Hearst was a director of the company and still played a major role in the decision making.