Word: gannett
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Actually, the Tribune's gossip columnists need not have looked farther than the page on which their column appears to see if USA Today had affected Chicago journalism. And whether or not it has might concern Boston readers because the Gannett chain began circulation of the paper in the New England area last week...
...Gannett sells the Oakland Tribune to its black publisher...
...scores of America's locally owned newspapers, death and estate taxes have led to another apparent inevitability: sale to a chain. Last week, however, the 109-year-old Oakland (Calif.) Tribune (circ. 174,000) reversed the trend. Gannett, the nation's biggest newspaper group (86 dailies), sold the money-losing Tribune to Journalist Robert Maynard, 45, who is, like 47% of Oakland's residents, black. Said Gannett Chairman Allen Neuharth: "We had other prospective buyers, but we felt it desirable for the community to have a dedicated local owner...
Maynard bought the Tribune without putting up any cash. The $22 million price, steep for a paper that lost $3 million last year, came entirely from loans, $17 million from Gannett. The chain's generosity was prompted in part by a federal antitrust regulation that prevented it from owning both the paper and a San Francisco TV station, KRON, which Gannett had avidly pursued. Says Maynard: "Gannett's position could have been stronger...
Last year, after Hederman left, the family sold the Clarion-Ledger and its evening sister paper, the Jackson Daily News (circ. 40,000), to the Gannett Co. the nation's biggest (87 dailies) newspaper chain. But Hederman's goal of improvement survived. The paper opened bureaus in three Mississippi cities and began to send reporters to cover stories throughout the South. Says Managing Editor Rober Gordon: "We are a good newspaper trying to get better...