History
The paper was founded in 1886. It was purchased by Knight Newspapers in 1955. Knight merged with Ridder Publications to form Knight Ridder in 1974. The Observer eventually became the fourth-largest newspaper in the Knight Ridder chain (behind The Philadelphia Inquirer and Daily News, Detroit Free Press and Miami Herald).In 1959, The Observer purchased The Charlotte News, Charlotte's afternoon newspaper. All operations were merged except editorial content, which was fused in 1983. The Observer ended circulation of the afternoon News in 1985.
The paper has won four Pulitzer Prizes.
McClatchy purchased most of Knight Ridder's newspapers, including The Observer, in 2006. This made The Observer a sister publication of the state's second-largest paper, The News and Observer of Raleigh; and of The Herald of Rock Hill, the primary newspaper for the South Carolina side of the metro area. As of spring 2008, it is the fifth-largest newspaper in the McClatchy chain (behind The Kansas City Star, Miami Herald, Sacramento Bee and Fort Worth Star-Telegram). McClatchy's share value has been in decline since the purchase. The stock has lost over 95% of its value, far worse than many remaining newspaper companies.
Read more about this topic: The Charlotte Observer
Famous quotes containing the word history:
“All objects, all phases of culture are alive. They have voices. They speak of their history and interrelatedness. And they are all talking at once!”
—Camille Paglia (b. 1947)
“The second day of July 1776, will be the most memorable epoch in the history of America. I am apt to believe that it will be celebrated by succeeding generations as the great anniversary festival. It ought to be commemorated, as the day of deliverance, by solemn acts of devotion to God Almighty. It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires and illuminations, from one end of this continent to the other, from this time forward forever more”
—John Adams (1735–1826)
“America is the only nation in history which, miraculously, has gone directly from barbarism to degeneration without the usual interval of civilization.”
—Attributed to Georges Clemenceau (1841–1929)