He stole it...from his children!
The two children of Richard Mellon Scaife have demanded, in court filings last week, an accounting for hundreds of millions of dollars that they said was drained from a trust to cover the losses of the Tribune-Review newspapers, despite the trustees’ duty to preserve funds for them.
Jennie Scaife, of Palm Beach, Fla., and David N. Scaife, of Shadyside, filed similar petitions in Orphans Court of Allegheny County. They claimed that three trustees who controlled $210 million in 2005 let that dwindle to nothing by the time of their father’s death, four months ago.
The Trib has never made a profit, but it appears that Dicky Scaife didn't keep the paper operating by using his own vast fortune, instead draining his offsprings' trust fund by over 200 million dollars!
Dicky's kids might have to go out and get jobs now!