Thursday, March 10, 2005
Joe Pulitzer IV and former KR veep
“Pultizer Pain,” a two-part series in the Riverfront Times, tells of the banishment of Joseph Pulitzer IV over a decade ago, and the sale of the St. Louis Post Dispatch to Lee Enterprises Inc. Pulitzer now lives in self-imposed exile in Wyoming.
Lee will now have 44 dailies in 19 states with a 1.7 million daily and 2 million Sunday circulation.
Post-Dispatch publisher Terrance C.Z. Egger holds roughly $9.3 million in Pulitzer stock and Pulitzer Inc. president and CEO Robert Woodworth, most recently a Knight Ridder vice president, an estimated $25 million.
The Riverfront Times, which published the first of the two-parter on March 2, 2005, describes itself on its web site, RivertfrontTimes.com, as St Louis’ alternative newsweekly and claims an audited weekly circulation of 100,000.
Click on the headline to go to the first of the series and then click on
http://www.riverfronttimes.com/issues/2005-03-09/news/feature.html
for the second part.
Woodward reported on the progress of the sale in a letter to employees on March 8, 2005.
See the letter at http://www.lee.net/pulitzer/ptz-lee_ltr_3-8-05.pdf
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No Pulitzer running the Pulitzer enterprises.
No Knight running Knight @#$#@ Newspapers.
You just can't hand the family farm down through the generations any more. Sad.
Fascinating reading, though.
And interesting how newsrooms are gutted while news executives stack up millions of dollars and increase their fleet of yachts.
Also sad.
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