The Press: The Ridders Buy Again

As publishers of a string of dailies,* the Ridder family likes to buy & sell newspapers wherever "there's a good market." Less than two years ago they sold their thriving Chicago Journal of Commerce to the Wall Street Journal (TIME, Jan. 8, 1951) because, said Editor Bernard J. Ridder, "they offered us more than it was worth, and there's a limit to how far you'll go to hold on to something." Last week the Ridders were in a buying mood. Into booming San Jose, Calif, they went to take over the San Jose evening News and morning Mercury (total circ. 72,000)...

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