The Detroit Times (1900 - November 6, 1960) was a daily newspaper published in Detroit, Michigan. It was the sixth iteration of a newspaper called the Detroit Times published in Detroit, each of which lasted no longer than eighteen months. This sixth iteration of the Times was an evening paper founded on October 1, 1900 by James Schermerhorn as Detroit Today that quickly changed its name to the Detroit Eventing Times. William Randolph Hearst bought the paper in the second half of 1921. Hearst quickly dispatched the great editor Arthur Brisbane to Detroit to launch the Times's new era, and it became the fastest-growing newspaper in the city. The Times hit is highest daily average circulation of 438,757 papers in 1951, but fell below 400,000 by 1960. After rumors of a possible sale had circulated around Detroit for weeks, the sale was finalized on November 6th, 1960. Although promoted as a 'merger' by both Hearst and the Detroit News, which bought the Times, the transaction was in no way a merger. The $10 million deal included the Times, its presses, building, all physical assets, distribution rights and subscriber list. At two in the morning on Monday, November 7, the Times's 1,500 employees received termination telegrams stating that they did not need to report for work and that their paychecks would be available in the lobby of the Times building on their usual payday. Only a handful of Times employees were offered jobs with the News, the rest were left to figure out their future on their own.