Ownership Change
The McClatchy Company has owned the Daily News since 1979, when it bought a controlling interest from Kay Fanning, who had been editor and publisher since Larry Fanning's death in 1971. Kay Fanning continued as the head of the paper until mid-1983. While retaining some financial interest in the paper, she went on to become the editor of the Christian Science Monitor.
The Daily News was the first of two newspapers that the then-122-year-old, California-based, McClatchy Company bought outside the state; the Kennewick, Washington, Tri-City Herald was the other. McClatchy would later grow to become a national newspaper company.
Read more about this topic: Anchorage Daily News
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