Knight Ridder Hostile Takeover?

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Knight Ridder Hostile Takeover?

Submitted by Rob Richards on Fri, 11/04/2005 - 11:15am.

Will Bunch of the Philadelphia Daily News, a Knight-Ridder paper like the Olympian, reported about rumors swirling that a hostile takeover of Knight-Ridder may be in the cards. A GOP-supporting investment group based in Florida controls 18% of the company and is calling for a sale due to low profits. This group and it's top executives donated over $250,000 to Bush-Cheney in 2003. This is bad news journalism, and for Democracy.
It is not important to me that they gave money to Bush-Cheney, I would be just as worried if they gave money to Kerry-Edwards. This is about maintaining a free press. If political groups take over major media outlets, we are in trouble. There is no freedom, no democracy, without a free press.

Read the article on the Editor & Publisher website.

Can we buy it? How much can

Submitted by Rick on Fri, 11/04/2005 - 9:04pm.

Can we buy it? How much can a media empire cost?

Maybe we can just buy The Oly

Submitted by Rob Richards on Sat, 11/05/2005 - 4:36pm.

Maybe we can just buy The Olympian, then we'd have a REAL community newspaper.

The internet is taking tradit

Submitted by The Fire Inside on Sun, 11/06/2005 - 8:47am.

The internet is taking traditional media to task. Although the owner of a publication has some sway as to the presentation, they can't get away with slanting a story completely. There's too much information out there that people will call them on.___I would say the news media was controlled far more forty years ago than today. You figure there were the three major news outlets (ABC, NBC, CBS) which essentially decided which stories from the AP or Reuters would run. Now the individual can go directly to those sites (and a lot more) to get their own information.

Oh yeah, I forgot. We alread

Submitted by Rick on Sun, 11/06/2005 - 9:52am.

Oh yeah, I forgot. We already have a media empire: OlyBlog!

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