John Shivery Knight III was a young man with a future. At 30, he was special-projects editor of an afternoon tabloid, the Philadelphia Daily News. He had a $1,050-a-month apartment in a large building on Philadelphia's fashionable Rittenhouse Square and an art collection worth about $100,000. As a respected reporter for the Detroit Free Press, he had won an American Bar Association award. Most important, he was the millionaire grandson and a presumed heir of John S. Knight, 81, founder of the Knight-Rider Newspapers Inc., the chain that includes some 35 daily...
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