Sep 20, 2020
Paper Losses
Posted by Bryan Gruley

Paper Losses is the story of the twenty five year struggle between the Detroit News and the Detroit Free Press, two proud, family owned newspapers that became pawns in the hands of the largest newspaper chains of our time, Gannett and Knight Ridder It is a story of personal ambition and corporate greed, of Wall Street and the courts but, above all, it is a compelling caPaper Losses is the story of the twenty five year struggle between the Detroit News and the Detroit Free Press, two proud, family owned newspapers that became pawns in the hands of the largest newspaper chains of our time, Gannett and Knight Ridder It is a story of personal ambition and corporate greed, of Wall Street and the courts but, above all, it is a compelling cautionary tale about American journalism over the last three decades Between them, the News and the Free Press claimed readers per capita than any newspaper in any other major American city, but by the late 1980s both were losing millions of dollars a year With Wall Street looking over their shoulders, Gannett and knight Ridder sought a peculiar form of government relief that would allow the papers to continue in artificial competition while promising their parent companies tens of millions of dollars in profits But the simple solution soon becomes a complicated test of wits and wills between two long time rivals Alvah Chapman, Jr the steely, Bible reading chairman of Knight Ridder, and Al Neuharth, the flamboyant leader of Gannett and the founder of USA Today A battle that begins in Detroit rages across the land, from union halls and corporate boardrooms to the offices of legal legend Clark Clifford and Attorney General Edwin Meese In the end, what Neuharth and Chapman believed could be settled in a polite chat winds up on the docket of the

  • Title: Paper Losses
  • Author: Bryan Gruley
  • ISBN: 9780802114020
  • Page: 111
  • Format: Hardcover
  • Paper Losses Paper Losses is the story of the twenty five year struggle between the Detroit News and the Detroit Free Press two proud family owned newspapers that became pawns in the hands of the largest newspap

    Dan

    I grew up in Detroit, and was very interested in this story about the struggle between the Freep and News Bryan did a very good job of keeping this story interesting Great job.



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      Bryan Gruley