Word: ridders
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Dates: during 1950-1959
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TIME, Aug. 4 quotes my friend, Ben Ridder of the Journal of Commerce, as saying we bought the Ridder-owned Chicago Journal 20 months ago after offering "more than it was worth." Let other readers of TIME'S ever-interesting Press section waste no sympathy on the Wall Street Journal as purchaser of the Chicago property. We wouldn't sell it today for twice what we paid for it. Reorganized and rechristened the Midwest edition of the WSJ, this newspaper's circulation has gone up from 33,233 in January 1951 to 69,342 today, including...
...Ridder family, which bought the morning and evening papers in San Jose, Calif, only two weeks ago (TIME, Aug. 4), last week purchased two more California dailies. For an undisclosed amount, the Ridders took over Long Beach's morning Independent (circ. 48,100) and evening Press-Telegram (95,823). The Ridders now have twelve dailies...
...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...