Word: riddering
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...nearly three decades, Detroit has been the scene of one of the costliest and hardest-fought newspaper rivalries in the U.S. In a battle for dominance of the sixth largest market in the nation, the powerful Knight-Ridder Newspapers Inc. has spent an estimated $23 million since 1979 to cover losses at the morning Detroit Free Press (circ. 646,476). The smaller, family-run Evening News Association, which owns the all-day Detroit News (circ. 666,949), has paid even more. It allegedly used revenues from five television and two radio stations to offset an estimated $41.5 million in losses...
...stock shot up $31, to nearly $106, and issues of some other companies in the field also climbed sharply. At week's end CBS had gained 20 1/4, to 108 3/ 4, and RCA, parent of NBC, had risen 4 7/8, to 42 7/8. Newspaper publishers Gannett and Knight-Ridder were up too, as was the stock of Chicago's Tribune Co. Australian Publisher Rupert Murdoch, whose properties include the New York Post and New York magazine, added even more zest to the media merger mania: he offered $250 million for half the shares of 20th Century-Fox Film Corp...
...presented each campaign with pairs of potential panelists who had to be accepted in tandem. That approach produced a balanced group whose questions seemed a bit sharper in tone and follow-up than those posed by the presidential inquisitors. Its members: Robert Boyd, Washington bureau chief of the Knight-Ridder newspapers, Norma Quarles of NBC News, John Mashek of U.S. News and World Report and Jack White of TIME...
When Walter Annenberg sold the Inquirer in 1969 to a forerunner of the Knight-Ridder chain, the city's dominant paper was the rival Bulletin, which advertised, more or less accurately, "In Philadelphia, nearly everyone reads the Bulletin." The Inquirer was uncreative, undistinguished-it even employed an investigative reporter who took money to suppress stories-and in danger of dying an unmourned death...
...senior officials who want to get information or a point of view across to the public. Last week, for example, Reagan's top aides indicated their displeasure with Martin Feldstein, chairman of the Council of Economic Advisers, through a leak by "a senior White House official" to Knight-Ridder newspaper reporters. The purpose of leaks is often manipulative: to pretest public reaction to a plan, outflank a colleague or sabotage a rival policy proposal. There is an added appeal: journalists are so accustomed to treating the closed-door side of Washington as the "real" one that they tend...