Recent Years
Helene Foellinger was 70, and there was no family member poised to take over The News-Sentinel, in 1980, when she sold News Publishing, along with the 55% share of Fort Wayne Newspapers, to Knight-Ridder in 1980.
In the 1980s, The News-Sentinel was still the dominant newspaper in Fort Wayne, with daily circulation in excess of 60,000, compared to about 10,000 less for The Journal Gazette. Moreover, their circulation was (and is) largely concentrated in Fort Wayne, making it especially attractive to city merchants. Circulation for large daily newspapers, particularly evening newspapers, has dropped in recent years. Today, The News-Sentinel has a daily circulation of 31,213 while The Journal Gazette has used its Sunday edition to build daily circulation to 73,058.
In 2003, a 30-year extension to the joint operating agreement was inked. At that point, Knight Ridder boosted its ownership from 55% to 75%, at a cost of $42 million.
Fort Wayne Newspapers is spending $34.8 million to upgrade their printing presses, just west of the current plant at 600 W. Main Street.
In 1997, Knight Ridder bought The Kansas City Star, completing a circle of sorts. Knight Ridder was bought by The McClatchy Company in June 2006.
Read more about this topic: The News-Sentinel
Famous quotes containing the word years:
“Now small fowls flew screaming over the yet yawning gulf; a sullen white surf beat against its steep sides; then all collapsed, and the great shroud of the sea rolled on as it rolled five thousand years ago.”
—Herman Melville (1819–1891)
“Those who come a hundred or two hundred years after us will despise us for having lived our lives so stupidly and tastelessly. Perhaps they’ll find a means to be happy.”
—Anton Pavlovich Chekhov (1860–1904)