A Texan Takes the Star.

The article profiles Joe L. Allbritton, a banker in Houston, Texas. It says that Allbritton was born D'lo, a town in Simpson County, Mississippi and founded a savings and loan association after receiving a law degree from Baylor University in 1949. It states that he built a fortune in land, insurance and banking. It also discusses the signing of an agreement of Allbritton to pay 25 million dollars for a 37% interest in Washington Star Communications Inc., owner of the Washington Star-News plus three television stations, three radio stations and a syndication service.