The Daily News (Palo Alto)
The original publishers, Jim Pavelich and Dave Price, understood that the advertising would reach more potential customers if the paper were free and thus widely available.On November 12, 2004, the Daily News beat the competition by putting out an "extra" minutes after a jury in Redwood City convicted Scott Peterson of murdering his wife Laci and their unborn son.On February 15, 2005, Knight Ridder, then the nation's second-largest newspaper publisher, bought the Palo Alto Daily News and its four sister papers for $25 million.In January 2006, Shareef Dajani, formerly general manager of the Knight Ridder-owned Hills Newspapers, a group of weeklies in Alameda County, was named publisher.McClatchy later announced it would sell 12 of the 32 Knight Ridder dailies, including the San Jose Mercury News and two other regional papers, The Monterey County Herald and the Contra Costa Times.MediaNews Group, which already owned several area papers, agreed to acquire The Mercury News, Contra Costa Times, Monterey County Herald and the St. Paul Pioneer Press of Minnesota for $1 billion, with $263 million of that coming from the Hearst Corporation, owner of the San Francisco Chronicle.[7] In August 2008, it came to light that the Daily News had hired a company in India to manage writing, copy-editing and design of a weekly real-estate product.