It was a perfect target Tony Ridder has known this for years and that's why he was pounding for the need to improve profitability. His worst nightmare came true.
More Quotes from John Morton:
I'm grateful I've got my mind. I can take care of my own business.John Morton
An early victim would be the Philadelphia Daily News, no matter who acquires the company. It's much more profitable to publish one newspaper than two in the same market. It's a kind of miracle Knight Ridder kept it going this long.
John Morton
He has most of the dailies that now surround San Francisco proper and this only enlarges his presence in the area. With the California properties, Singleton has more of a motive than other folks to pay a higher price because it would enhance what he already owns.
John Morton
I'm sure it's a chapter in the paper's history they're glad to have behind them.
John Morton
You need to know what's for sale and what isn't. Allowing ads and editorial content to get blurred, however you do it, is in the long run inimical to a newspaper's reputation - and probably to its business.
John Morton
The news staffs of the newspapers affected have all been pretty fat by industry standards, ... The cuts don't leave these newspapers in what I would call a weakened condition.
John Morton
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