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
Famous quotes containing the words ownership and/or change:
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)
“A good customer should not change his shop, nor a good shop change its customers.”
—Chinese proverb.