Donald W. Reynolds Explained

Donald W. Reynolds
Birth Name:Donald Worthington Reynolds
Birth Date:23 September 1906
Birth Place:Fort Worth, Texas, U.S.
Death Place:Mediterranean Sea
Alma Mater:University of Missouri
Occupation:Businessman and philanthropist

Donald Worthington Reynolds (September 23, 1906 – April 2, 1993) was an American businessman and philanthropist. He was the founder of Donrey Media Group, a communications company with newspaper, broadcasting and cable television holdings, and outdoor advertising.

Biography

Reynolds was the son of Gaines W. Reynolds, a wholesale grocery salesman, and his wife, Anna Louise. Born in Fort Worth, Texas, he grew up in Oklahoma City, Oklahoma, and got his first job in the newspaper business selling papers at the local railroad station.[1]

In high school, Reynolds decided he wanted to attend the University of Missouri's School of Journalism. He worked during high school and successive summers at a meat packing plant to pay for his studies. While at the University of Missouri, he was initiated into Pi Kappa Alpha. He graduated in 1927.[2]

Reynolds' first business venture was a photo engraving plant. He then purchased and sold the Quincy Evening News in Massachusetts, using the proceeds from that sale to buy the Okmulgee Daily Times in Oklahoma and the Southwest Times Record in Arkansas. Those two papers launched the Donrey Media Group. Operating mostly in small towns, the group grew to include more than 100 businesses, including newspapers, radio stations, television stations, cable television operations, and billboard companies. Perhaps his biggest success came with the ownership of the Las Vegas Review-Journal, the largest newspaper in Nevada.

Reynolds interrupted his newspaper career to serve in the military during World War II, initially in military intelligence and, later, as the officer in charge of the Pacific and London editions of the "soldiers' newspaper," Yank, the Army Weekly. He attained the rank of Major, received the Legion of Merit, Purple Heart and Bronze Star Medal during his military service, and returned to civilian status in 1945.

He focused his business acumen on businesses located in small but growth-oriented communities, and these communities often were the recipients of the grants by the charitable foundation he created.

Reynolds died on April 2, 1993, on a cruise ship in the Mediterranean Sea, at the age of 86. A large sum of money from his business ventures went to the Donald W. Reynolds Foundation.

Reynolds left three children on his death: Nancy, Donald, and Jonathan. Forbes Magazine noted that Reynolds's three children were to receive trust income of $50,000 a year for life, but would be left only $1 if they were to unsuccessfully contest his will. The bulk of the estate was left to The Donald W Reynolds Foundation.

Broadcasting

Donrey Media Group, its subsidiaries and affiliates, owned the following broadcast stations:[3]

Buildings

A number of buildings are named for Reynolds, including:

Foundation

The Donald W. Reynolds Foundation continued his lengthy legacy of charitable giving through 2015,[5] funding programs for capital grants, aging and quality of life, cardiovascular clinical research, and journalism. In accordance with its articles of incorporation, the Foundation was designated to terminate rather than continue in perpetuity. Its board of trustees determined that the foundation would cease to make grants by the year 2022. In fact, the foundation liquidated its assets and closed its doors at the end of 2017.[6] [7]

Awards

References

External links

Notes and References

  1. Web site: April 5, 1993 . Donald W. Reynolds; Media Group Founder . July 14, 2022 . Los Angeles Times . en-US . AP.
  2. Web site: July 13, 2012 . Donald W. Reynolds – Missouri School of Journalism . July 14, 2022 . Missouri School of Journalism . en-US.
  3. https://www.worldradiohistory.com/Broadcasting-Yearbook.htm. Broadcasting Yearbook Retrieved January 13, 2024.
  4. Web site: Thomas Moore . News from Arkansas State University . Asunews.astate.edu . 2013-12-25.
  5. Web site: Bowden . Bill . April 5, 2015 . Reynolds Winding Up Years of Giving . July 14, 2022 . Northwest Arkansas Democrat Gazette . en-US.
  6. News: Bowden . Bill . 2015-04-12 . Donald W. Reynolds Foundation Winding Up Years of Giving . The Washington Times . But by the end of 2017, the foundation that Reynolds established in 1954 will cease to exist. . 2020-01-17.
  7. Web site: Fred W. Smith of Reynolds Foundation Has Died . Leckey . Andrew . Donald W. Reynolds Center for Business Journalism . 2018-05-02 . 2020-01-17 . Reynolds passed away at the age of 86 in 1993 and left proceeds from the sale of his Donrey Media Group of newspapers and broadcast stations to form a foundation that would give out grants to worthy causes until it closed its doors before 2022. It beat that deadline, closing its doors late last year. .
  8. Web site: The Oklahoma Journalism Hall of Fame: Donald W. Reynolds . The Oklahoma Journalism Hall of Fame.
  9. Web site: Golden Plate Awardees of the American Academy of Achievement . www.achievement.org. American Academy of Achievement.
  10. Web site: Donald W. Reynolds - 2000 Arkansas Business Hall of Fame Inductee. Arkansas Business Hall of Fame.

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