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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.
Along with the rest of the State Record Company, it was acquired by the Knight Ridder newspaper chain in 1986. McClatchy became The Sun News’ parent company when it purchased Knight Ridder in June 2006. McClatchy filed for bankruptcy in 2020 and the company was purchased by Chatham Asset Management for $312 million.
The Beacon Journal under Knight was the original and flagship newspaper of Knight Newspaper Company, later called Knight Ridder. The McClatchy Company bought Knight Ridder in June 2006 with intentions of selling 12 Knight Ridder newspapers. On August 2, 2006, McClatchy sold the Beacon Journal to Black Press. In 2018, GateHouse Media bought the ...
It was purchased by Knight Newspapers in 1955. Knight merged with Ridder Publications to form Knight Ridder in 1974. [9] The Observer eventually became the fourth-largest newspaper in the Knight Ridder chain (behind The Philadelphia Inquirer and Daily News, Detroit Free Press and Miami Herald). In 1959, The Observer purchased The Charlotte News ...
Ridder and Knight Newspapers merged in 1974 to form Knight Ridder, which combined the two newspapers into The Wichita Eagle-Beacon in 1980. [5] In 1989, the Beacon name was dropped, and the newspaper became The Wichita Eagle. [5] In 2006, the Eagle became part of The McClatchy Company when McClatchy bought Knight Ridder. [5]
The Union-Recorder formed in 1872 through the merger of the Federal Union (1820) and the Southern Recorder (1830). [2]Community Newspaper Holdings Inc. purchased the newspaper from Knight Ridder in 1997. [3]
At that point, Knight Ridder boosted its ownership from 55% to 75%, at a cost of $42 million. Fort Wayne Newspapers spent $34.8 million to upgrade their printing presses, just west of the current plant at 600 W. Main Street. In 1997, Knight Ridder bought The Kansas City Star, completing a circle of sorts.
During Chapman's tenure at Knight Ridder, the chain's newspapers won a total of 33 Pulitzer Prizes and revenues increased threefold. The firm was able to get an operating agreement between Knight Ridder's Detroit Free Press and Gannett Company's The Detroit News approved by the United States Department of Justice. [1]