Word: ridder
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...Detroit News, which is owned by the Gannett Company, and the Detroit Free Press, which belongs to Knight-Ridder, continue to run separate news operations but have maintained joint business operations since 1989. Though their combined circulation has decreased by 24 percent (according to the companies) and they expect to lose over $100 million because of the strike, Gannett and Knight-Ridder won't give in to settlement even by arbitration. These are national newspaper chains; they are dedicated to serving up a profit-making product, much as McDonald's dishes out greased buns. People love it, but they...
...solicited contributions from them this year during conversations about pending legislation. "It's raw; it's distasteful," one of the lobbyists says. "Al's guys reach through the phone and say, 'We're helping you, and you have to help us.'" In a recent survey of Washington lobbyists, Knight-Ridder Newspapers reported that three lobbyists complained that D'Amato sought contributions from them while they had legislative business on his desk. One of the lobbyists told Knight-Ridder that a D'Amato aide called him after a meeting with the Senator to ask how it had gone. When the lobbyist...
...group of leading columnists and reporters may end the two-week strike against both major Detroit newspapers. Sixunionsrepresenting 2,500 workers walked off their jobs at the Gannett-owned Detroit News and Knight-Ridder's Free Press on July 13 over proposed job cuts and pay changes. But the journalists, who include sportswriter Mitch Albom, film critic Susan Stark, and veteran auto writer Doron Levin, tell TIME Daily that they have run out of patience with what they say is mostly aTeamsterissue (which the publishers characterize as "featherbedding"), one that is hurting their papers financially as the strike continues. Says...
Bloomberg may need all three to prevail. Customers are starting to move away from specialized terminals, like the Bloomberg, that cannot be linked to standard PCs or run off-the-shelf software. Some large vendors have already made the investment to switch to "open" systems. Knight-Ridder has developed a PC-based service using Microsoft's popular Windows program. Reuters is teaming up with PC-maker Intel. And EJV Partners, the joint venture of six Wall Street firms, is building a system designed to run on personal computers. But Bloomberg stubbornly rejects this approach. He fears that he would lose...
...smoke since 1985. Its first major information-service investment, a joint venture with McGraw- Hill to supply electronic data on prices and market activity to oil traders, flopped after a year. Earlier this year, Citi pulled the plug on a computerized information service aimed at grocery shoppers. Knight-Ridder lost about $50 million in a failed home-shopping service. And in its ambitious effort to make paper vanish, Wang Laboratories itself almost disappeared when it bet the ranch on manufacturing expensive document-scanning and imaging systems that nobody wanted. Says David Goulden, a Wang vice president: "The market's been...