After a long period of ownership by Knight Newspapers (later Knight Ridder), the paper was acquired in 1959 by Field Enterprises, owned by heirs of the former owner of the Marshall Field and Company department store chain. Field already owned the morning Chicago Sun-Times, and the Daily News moved into the Sun-Times building on North Wabash Avenue. A few years later Mike Royko became the paper's lead columnist, and quickly rose to local and national prominence. However, the Field years were mostly a period of decline for the newspaper, partly due to management decisions but also due to demographic changes; the circulation of afternoon dailies generally declined with the rise of television, and downtown newspapers suffered as readers moved to the suburbs.
