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The corporate ancestors of Knight Ridder were Knight Newspapers, Inc. and Ridder Publications, Inc. The first company was founded by John S. Knight upon inheriting control of the Akron Beacon Journal from his father, Charles Landon Knight, in 1933; the second company was founded by Herman Ridder when he acquired the New Yorker Staats-Zeitung, a German language newspaper, in 1892.
After The McClatchy Company bought Knight Ridder in 2006, it announced it would sell, among other newspapers, The Philadelphia Inquirer and Philadelphia Daily News. Interested in buying the papers, Brian Tierney assembled a group of Philadelphia businesspeople and investors to make a bid.
By 1930, the newspaper's circulation exceeded 200,000, but by the 1950s the news paper was losing money. In 1954, the newspaper was sold to Matthew McCloskey and then sold again in 1957 to publisher Walter Annenberg. In 1969, Annenberg sold the Daily News to Knight Ridder. In 2006 Knight Ridder sold the paper to a group of local investors.
The foundation invests in the 28 communities that once hosted Knight Ridder newspapers, including Miami. McClatchy acquired Knight Ridder in 2006. Grants help support journalism, the arts and a ...
Hedge fund Chatham Asset Management says will pay $312 million to buy newspaper publisher McClatchy out of bankruptcy protection. Chatham said Friday that it plans to offer employees at the 30 ...
The McClatchy Company acquired 32 Knight Ridder newspapers, including the Times-Leader, in March 2006. However, ... but remained an investor. In 2012, ...
A group of local investors under the corporate name of Interstate General Media LLC bought the company for $55 million in April 2012. Publisher and chief executive officer Greg Osberg stepped down on May 11, 2012. He was replaced by Bob Hall, 67, the publisher of the Daily News and Inquirer from 1990 to 2003, when the papers were owned by ...
Originally called the Detroit Newspaper Agency, the company was reorganized and renamed after Gannett sold The Detroit News to MediaNews Group, and purchased the Detroit Free Press from Knight Ridder. Each paper now publishes separate editions Monday through Saturday, with the Detroit Free Press publishing the Sunday newspaper.