Dan Neuharth (left) — a Bay Area psychotherapist, writer and the son of USA Today founder Al Neuharth — suggests in a commentary in Tuesday’s USA Today that the problem with newspaper companies is that too few of them are headed by journalists. By Neuharth’s count, 11 of the 13 CEOs of major publicly traded newspaper companies have little or no experience in the newsroom. John S. Knight (right), Knight Ridder’s first CEO, insisted that editors, not business people, run his newspapers. According to Neuharth, Knight also said these words to Wall Street analysts the day Knight Ridder went public in 1969: “Ladies and gentlemen, I do not intend to become your prisoner.” Knight died in 1981 — and 25 years later, his company was forced to put itself on the block by Wall Street investors. [Merc: Small furor erupts over who can bid for 12 KR papers]
Maybe editors should run newspapers?
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