January 10, 1998 |
Primedia Inc. said it will buy two magazine and book publishing businesses from Sacramento-based McClatchy Newspapers Inc. for about $200 million. The acquisition of the Cowles Enthusiast Media and Cowles Business Media divisions of Cowles Media Co. is subject to the completion of McClatchy's $1.4-billion purchase of Cowles Media, which was announced in November and is expected to close by March 31. Cowles Business Media publishes specialized business magazines and information services.
April 25, 1998 |
John R. Schueler, president and chief operating officer of the Orange County Register, is departing the Santa Ana-based newspaper to become publisher of the Star Tribune in Minneapolis/St. Paul. He will move in mid-May to the Star Tribune, the nation's 16th-largest daily newspaper and 12th-largest on Sunday. Schueler will succeed Joel Kramer, who is "following through on long-standing plans to pursue interests outside the newspaper industry," according to a news release.
December 27, 2006 |
McClatchy Co. said Tuesday that it would sell its flagship newspaper, the Star Tribune in Minneapolis, to a private equity firm for $530 million, less than half the $1.2 billion the company paid to acquire the paper eight years ago. McClatchy said it decided to sell the daily newspaper to Avista Capital Partners through a private auction "after a strategic reevaluation of its portfolio of holdings" following the Sacramento-based company's purchase of Knight Ridder Inc. for $4.
CALIFORNIA | LOCAL
March 22, 2012
John Cowles Jr., 82, scion of a Minneapolis newspaper family and philanthropist who helped shaped the cultural landscape of the Twin Cities, died of lung cancer Saturday at his home in Minneapolis. His death was reported by the Minneapolis Star Tribune, which his family owned until 1998. Cowles succeeded his father in 1961 as editor of Minneapolis' morning Tribune and evening Star. In 1968 he rose to president and chief executive of the Minneapolis Star and Tribune Co., which later was renamed Cowles Media Co. He was praised for supporting aggressive local news reporting, increasing arts coverage and promoting civil rights and women's rights in editorials.
April 25, 1998 |
Kellogg Co. said Friday that its first-quarter profit rose 6%, in line with estimates, but the nation's largest cereal maker warned that second-quarter results could be hurt because it will expand price discounting amid stiff competition. Kellogg said net income rose to $170.7 million, or 42 cents a diluted share, a penny more than analysts forecast, from $160.6 million, or 38 cents a share. Revenue fell 3% to $1.
December 11, 1990 |
The Supreme Court agreed Monday to decide whether the Constitution shields news organizations from being sued for revealing the name of a confidential source. The high court will delve into the inner workings of the news business, where sources often insist that reporters promise to protect their identifies. Typically, reporters absolutely refuse to identify confidential sources, even at the cost of going to jail. The case (Cohen vs. Cowles Media Co., 90-634) concerns the exception to the rule.
March 23, 1985 |
Some of the nation's largest communications companies may be angling for a chance to acquire one of the few remaining family-owned newspapers--the Minneapolis Star & Tribune--even though the paper isn't for sale. Gannett Co., publisher of USA Today and the nation's largest newspaper chain, said Friday that it had made a bid to buy about 13.8% of the Star & Tribune's parent company, Cowles Media Co.
June 25, 1991 |
The Supreme Court ruled Monday that a news organization can be forced to pay damages for revealing the name of a news source who had been promised confidentiality. If an oral agreement between a reporter and a news source can be considered under state law to be a legally enforceable promise to maintain confidentiality, the First Amendment does not shield the reporter who breaks that promise, the justices said.