Word: ridders
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Seven years and $26 million in the making, Viewtron made its debut in southeastern Florida last week as the first two-way home information system available in the U.S. The Knight-Ridder newspaper chain, operator of Viewtron, plans to introduce the system within about two years in 17 cities, including Boston, Detroit and Seattle. One of Viewtron's starring attractions, banking at home, presages a revolution in consumer finance. A sci-fi concept only five years ago, home banking is now being introduced by institutions ranging from New York City's Chemical Bank (deposits: $29.8 billion) to Washington...
...Newhouse had amassed a nationwide communications empire that included not only newspapers but magazines, radio and television stations, printing companies and delivery services. His 31 daily newspapers had a total readership of more than 3 million, making them the third largest U.S. chain after Gannett and Knight-Ridder. But the value of those immense holdings remained a well-kept family secret that outsiders could only guess...
McMullan has been with the Knight (now Knight-Ridder) newspaper chain ever since 1957. When he was assigned to liven up its Washington bureau, his eagerness produced an uneasy rebuke from the bureau chief: "John, you were sent here to fill a vacuum, not overflow it." In 1970 McMullan left to execute a wholesale purge of the chain's newly acquired Philadelphia Inquirer. In three years, McMullan replaced a third of the paper's reporting staff, including virtually every department head. The overhaul was to turn the Inquirer into one of the strongest newspapers...
With two Hefners running Playboy, there was no more room for Derick J. Daniels, 53, who resigned as president. Daniels, a former vice president of Knight-Ridder Newspapers, was brought into the company in 1976 to straighten out its ragged management structure, a job at which most critics say he succeeded. He leaves with severance...
...Bulletin's demise leaves Philadelphia solely to Knight-Ridder, which also publishes the afternoon Daily News (circ. 223,000). The Inquirer, which has an editorial staff of 330 and eight national and foreign bureaus, is planning a major expansion in the wake of the Bulletin's closing. New bureaus will be opened in Boston, New Orleans, Cairo, Nairobi, New Delhi and London, and Roberts plans to hire at least 50 new reporters and editors, many from the Bulletin. Says he: "We feel that the Bulletin's death puts a rather awesome responsibility on us as a survivor...