Purchase By Ogden Newspapers
On March 14, 2006, McClatchy announced that it would sell 12 of the Knight Ridder newspapers, including The News-Sentinel, that are in markets not growing rapidly. Current and former News-Sentinel staffers disagreed on the significance.
Mary Jacobus, publisher of The News-Sentinel, joined The Boston Globe on January 2006 as president and general manager. During her four-year tenure, newsroom employment dropped 29%. Like The News-Sentinel, The Boston Globe was experiencing tough times, with 8% losses in daily and Sunday circulation in the prior year.
McClatchy reached an agreement to sell The News-Sentinel to Ogden Newspapers Inc. of West Virginia. Michael J. Christman, who was publishing two newspapers in Parkersburg, West Virginia was named the new publisher. The closing took place on June 27, 2006, simultaneously with the completion of McClatchy's acquisition of Knight Ridder. Ogden Newspapers is privately owned by members of the Nutting family.
In the week prior to the sale, internet classified advertising giant Craigslist entered the Fort Wayne market.
Read more about this topic: The News-Sentinel
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