The Press: New Boss for Free Press

Jack Knight is a go-getting publisher who doesn't believe in newspaper chains, but seems to be acquiring one. In 1933 he inherited the Akron Beacon-Journal from his father. In 1937 he bought the Miami Herald. Last week John Shively Knight acquired his third going paper, the log-year-old Detroit Free Press, Michigan's biggest morning newspaper (circ. 296,-047). The purchase price, though known to be over $3,000,000, remained secret.

Bargaining began as early as last January, though shrewd, autocratic, old Ed Stair, owner of the Free Press, prevaricated last month, equivocated last week, wound up—an hour before papers were signed—by confessing he was "thinking...

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