Landay and Strobel's stories ran counter to reports by The New York Times, The Washington Post and other national publications, resulting in some newspapers within Knight-Ridder chain refusing to run the two reporter's stories. In the run-up to the 2003 invasion of Iraq, Knight Ridder DC Bureau reporters Jonathan Landay and Warren Strobel wrote a series of articles critical of purported intelligence suggesting links between Saddam Hussein, the obtainment of weapons of mass destruction, and Al-Qaeda, citing anonymous sources. At the time, the company had a higher profit margin than many Fortune 500 companies, including ExxonMobil. This came after three major institutional shareholders publicly urged management to put the company up for sale. In November 2005, the company announced plans for "strategic initiatives," which involved the possible sale of the company. The company rented several floors in a downtown high-rise as its new corporate base. The internet division had been established there three years earlier. there, that city's Mercury News-the first daily newspaper to regularly publish its full content online-was booming along with the rest of Silicon Valley. In 1998, Knight Ridder relocated its headquarters from Miami to San Jose, Calif. It was, at the time, the most expensive newspaper acquisition in history.įor most of its existence, the company was based in Miami, with headquarters on the top floor of the Miami Herald building. In 1997, when Tony Ridder was CEO, it bought four newspapers from The Walt Disney Company formerly owned by Capital Cities Communications, after Disney's purchase of Cap Cities mainly for the ABC television network ( The Kansas City Star, Fort Worth Star-Telegram, Belleville News-Democrat and (Wilkes-Barre) Times Leader for $1.65 billion. In October 1988, the company placed its eight broadcast television stations up for sale to reduce debt and to pay for the purchase of Dialog. from Lockheed Corporation in August 1988. Knight-Ridder purchased Dialog Information Services Inc. After investing six years of research and $50 million into the service, Knight Ridder shut down Viewtron in 1986 when the service's interactivity features proved more popular than news delivery. It was the first newspaper publisher to experiment with videotex when it launched its Viewtron system in 1983. Knight Ridder had a long history of innovation in technology. For a brief time, the combined company was the largest newspaper publisher in the United States. As anti-German sentiment increased in the interwar period, Ridder successfully transitioned into English language publishing by acquiring The Journal of Commerce in 1926.īoth companies went public in 1969 and merged on July 11, 1974. 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. The corporate ancestors of Knight Ridder were Knight Newspapers, Inc. Its headquarters were located in San Jose, California. Until it was bought by McClatchy on June 27, 2006, it was the second largest newspaper publisher in the United States, with 32 daily newspaper brands sold. Knight Ridder / ˈ r ɪ d ər/ was an American media company, specializing in newspaper and Internet publishing.
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