Word: riddering
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...publishers of a string of dailies,* the Ridder family likes to buy & sell newspapers wherever "there's a good market." Less than two years ago they sold their thriving Chicago Journal of Commerce to the Wall Street Journal (TIME, Jan. 8, 1951) because, said Editor Bernard J. Ridder, "they offered us more than it was worth, and there's a limit to how far you'll go to hold on to something." Last week the Ridders were in a buying mood. Into booming San Jose, Calif, they went to take over the San Jose evening News...
Into San Jose as the new publisher will go Joseph Ridder, 32, now general manager of the St. Paul Dispatch and Pioneer Press. The Ridders picked well. They have a monopoly in San Jose and dominate an expanding industrial area. They now have their eyes on two other California papers, the Long Beach Independent and Press-Telegram...
...paper, and worked to expand W.S.J. into a national newspaper for businessmen. This week, with thriving editions in Dallas and San Francisco as well as Manhattan, 42-year-old Barney Kilgore moved into the Midwest. Dow Jones bought the Chicago Journal of Commerce (circ. 33,960) from Bernard J. Ridder (who also publishes the New York Journal of Commerce). Price: well over the $1,250,000 Ridder paid...
...down, or resorted to Vari-Type. The Journal of Commerce, oldest (121 years) U.S. business paper and the only New York daily still living on historic Park Row (in the old Pulitzer Building), did neither. Along with 24 other editorial and ad staffers, curly-haired Editor & Publisher Bernard J. Ridder, 35, and his 30-year-old brother Eric, general manager, sat down at the linotype machines and set the type themselves. (They had once been linotype operators as part of their journalistic training...
...sent the Enquirer's operating statement to "a small, selected group of well-qualified people," who were invited to submit sealed bids. Among the prospective bidders: Hulbert Taft, cousin of Senator Bob Taft and operator of the 108-year-old Cincinnati Times-Star; Chain Publisher Frank Gannett; the Ridder brothers of Manhattan and Minnesota; and portly Publisher Silliman Evans of the Nashville Tennessean. Enquirer Publisher Roger Ferger, 54, who joined the staff as advertising manager in 1920, may enter a bid himself, backed by local capital. And Newspaper Broker Smith Davis had others on the string...