Nelson Doubleday Jr.

Nelson Doubleday Jr. (July 20, 1933 – June 17, 2015) was the owner and the next-to-last President and CEO of Doubleday and Company (1978-1985, succeeded by James R. McLaughlin, 1985-1986)[1][2] before its sale to Bertelsmann A.G. in 1986. He was instrumental in the company's purchase of the New York Mets in 1980.[3]

After selling Doubleday Publishing, he bought a 50 percent stake in the New York Mets in his own name, with team president Fred Wilpon buying the remaining 50 percent. Doubleday remained Chairman of the Board of the Mets, a post which he had held since 1980. Doubleday sold his interest in the New York Mets to Wilpon and Wilpon's family, in an acrimonious transaction in 2002 that saw a dispute over the team's value.[4]

Early life and education

Nelson Doubleday Jr. was born July 20, 1933 in Oyster Bay, Long Island as the son of Ellen McCarter and Nelson Doubleday, and had a younger sister Neltje. Their father owned Doubleday Publishing, which was founded by Nelson Sr.'s father Frank N. Doubleday. Their paternal grandmother Neltje Blanchan De Greff published books on gardens and birds.[5] He grew up in Oyster Bay and in South Carolina. He attended the Green Vale School in Glen Head, then the Eaglebrook School and Deerfield Academy, both in Deerfield, Massachusetts. After Deerfield, Doubleday attended Princeton, where he earned a degree in economics, and played baseball, football and hockey. Upon his graduation in 1955, Doubleday served in the United States Air Force and was stationed at Myrtle Beach, South Carolina.[6]

Career

Growing up as the son and grandson of owners of a major book publishing house, Nelson Doubleday Jr. was determined to join the family business. Entering Doubleday as a young man as an assistant in the promotion and subsidiary rights departments, he learned the business by progressing through a variety of positions. He became President of Doubleday in 1978.

In 1980, he was instrumental in the company's decision to buy the New York Mets baseball team from the Payson family, putting up 80% of the $21.1 million price tag and became Chairman of the Mets Board of Directors. The remaining 20% came from partners City Investing Corporation and Fred Wilpon. Wilpon and Doubleday put in an additional $20 million over the next three years to rebuild the franchise. The pair built the franchise into a pennant contender in 1984 and 1985 and winning the 1986 World Series title. The team also saw attendance rise significantly and earn $6 million.

In 1985, Doubleday saw a decline in sales from 1980 and hired James R. McLaughlin, the head of Dell Publishing, a Doubleday subsidiary, to streamline and downsize. In 1986, Doubleday sold the publishing company to Bertelsmann AG for a reported $475 million.[7][6]

In 2002, Doubleday sold his 50% stake in the Mets to Wilpon for $135 million, thus making Wilpon the sole owner of the Mets.[8][9]

Personal life

He married Florence McKim, the daughter and step-daughter, respectively, of Lillian Bostwick Phipps and Ogden Phipps. By 1972 they had divorced.[10]

In 1973, he married Sandra Pine Barnett (nicknamed Sandy). [11]

He had 5 daughters and 1 son.

Doubleday died of pneumonia at his Locust Valley, New York home on June 17, 2015, aged 81.[6]

References
  1. New Doubleday President, New York Times
  2. Bertelsmann Acquires Doubleday, Journal of Commerce
  3. Associated Press (January 24, 1980). "Doubleday to invest in Mets". The Montreal Gazette. Retrieved March 24, 2010.
  4. "Nelson Doubleday Jr, Publishing Executive and Mets Owner, Dies at 81", "The Washington Post," June 18, 2015, accessed April 10, 2017
  5. "Nelson Doubleday Jr, Publishing Executive and Mets Owner, Dies at 81", "The Washington Post," June 18, 2015, accessed April 10, 2017
  6. Grimes, William (June 17, 2015). "Nelson Doubleday Jr., Publisher and Mets Buyer, Dies at 81". New York Times. Retrieved June 18, 2015.
  7. Associated Press (September 28, 1986). "West German-based firm buys Doubleday and Co". Tri City Herald. Retrieved March 24, 2010.
  8. Sandomir, Richard (August 14, 2002). "Baseball; Owners Of Mets Make A Deal". The New York Times. Retrieved March 24, 2010.
  9. "Nelson Doubleday Jr., Publisher Who Owned the Mets, Dies at 81". Retrieved October 31, 2018.
  10. Marylin Bender, "The Story Behind Family and Firm Reads Like a Novel", The Palm Beach Post, December 31, 1972, accessed April 19, 2012
  11. "Nelson Doubleday Jr, Publishing Executive and Mets Owner, Dies at 81", "The Washington Post," June 18, 2015, accessed April 10, 2017
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.