Palo Alto Daily News sold to Knight Ridder
Our local newspaper--today's headline; RECYCLING PROPOSAL CANNED--was bought by the Knight Ridder Corporation. KR also owns the bigfoot daily newspaper the San Jose Mercury News. Chairman and CEO of Knight Ridder is Tony Ridder who lives in these parts. Real estate is king around Palo Alto and no doubt Ridder got tired seeing someone else cash in on real estate ads. Good move to leave the locals run the show--if it ain't broke don't fix it. Of course, the broken parts are kinda fun too. Headlines like our favorite "BURNING SQUIRREL CHASED" are local treasures.