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Concept
Knight Ridder
Summary
Knight Ridder ˈrɪdər was an American media company, specializing in newspaper and Internet publishing. Until it was bought by McClatchy on June 27, 2006, it was the second largest newspaper publisher in the United States, with 32 daily newspaper brands sold. Its headquarters were located in San Jose, California.
The corporate ancestors of Knight Ridder were Knight Newspapers, Inc. and Ridder Publications, Inc. The first company was founded by John S. Knight upon inheriting control of the Akron Beacon Journal from his father, Charles Landon Knight, in 1933; the second company was founded by Herman Ridder when he acquired the New Yorker Staats-Zeitung, a German language newspaper, in 1892. As anti-German sentiment increased in the interwar period, Ridder successfully transitioned into English language publishing by acquiring The Journal of Commerce in 1926.
Both companies went public in 1969 and merged on July 11, 1974. For a brief time, the combined company was the largest newspaper publisher in the United States.
Knight Ridder had a long history of innovation in technology. It was the first newspaper publisher to experiment with videotex when it launched its Viewtron system in 1983. After investing six years of research and 1.65 billion. It was, at the time, the most expensive newspaper acquisition in history.
Official source
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