The Charter Company

Charter in 1970 acquired an oil company for $70 million from the signal companies.

The Charter took effect four years later, when the Arab oil embargo was imposed. Charter Redbook from Norton Simon Inc. in 1975. 1978 Charter Downe Communications, editor of the Ladies' Home Journal, took over. Several years earlier, Charter had already held a majority interest in Downe. Last year Downe Bartell, the editor of journals such as Sport, had taken over the company.

Charters disappeared from the Jacksonville news and former staff found jobs in other companies when the 1988 liquidation took place. Charter's 53% stake in Carl Lindner's AMFC was transferred from Jacksonville to Cincinnati, Ohio. Charter Communications, the US based executive airline, is currently fully independent of Charter Communications.

Purchase of Spelling fermera le lien avec la Charte". The Florida Times Union. "Charter Co. was setting an enormous tempo, all from Jacksonville." The Florida Times Union. "Some geyser named charter company." The New York Times. Ben A. Franklin (August 21, 1970). The New York Times. "{\a6}La compagnie liée à Billy Carter divulgue les pourparlers avec Vesco."

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The New York Times.

A Jax F500 company's ascent and fall: lessor

Almost 40 years ago "The Charter Company" and "Mason" were among the most famous and beloved in Jacksonville. Whilst they are unlikely to ring many chimes for the latest generation of Jacksonville, Jacksonville's nearly 30-year history has influenced it in many ways - some of which still echo today, despite the Charter Company's absence.

in 1983. Raymond Knight Mason began his 1949 operations under the name "Charter Company" with the kind permission of the St. Petersburg Times. A graduate, Mason worked for the Mason Lumber Company, a family-owned company that has existed for generation after generation. Mason wanted more, though.

The Charter Company would be created between that and Mason, who was a friend of Edward Ball, who was an eminently celebrity businessman and politician in Florida. Launched as a group of Florida mortgages, bank and real estate developers, The Charter Company is a leading charter company. Soon the company would be adding about sixty small petrol filling points.

Until 1970, Mason had bought an entire oil company. However, for this fast expanding company, it would not stop expanding. In the 70' also a part of the Florida National Bank and a part of the St. Joe Paper Company was bought. In addition, Redbook, Downe Communications, Ladies' Home Journal and Carey Energy Corporation would also be owned by Mason and The Charter Company.

A total of over 180 affiliates made up the company, which eventually became a Jacksonville Fortune 500 company. Until 1981, the company achieved a turnover of over 5 billion US dollars. to be the number 61 corporation in the country. In 1982, the company experienced a catastrophe when four executive employees were injured in a chopper crash.

By 1984, the company would have a net deficit of nearly $71 million, most of which would be from divested businesses within the company. Next, in a seperate episode, the company was struck down with a $1.8 billion suit. As a result, the company was forced to declare itself bankrupt in 1984.

Viacom would acquire the company's last remaining asset in 1999. Charter Oil's Russell Newton in November 1975. By courtesy of Fortune Magazine.