|
|
Article: First and Final Add to Michigan Investor group offer to purchase Detroit Free Press. (includes letter) (transcript)
- Article from:
- PR Newswire
- Article date:
- October 30, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
/FIRST AND FINAL ADD TO -- MICHIGAN GROUP OFFERS/
Nowhere in the reams of testimony before Administrative Law Judge Morton Needelman was the basic option of selling The Detroit Free Press ever advanced by Knight-Ridder. Even Ernst & Whinney, your "accounting and consulting firm," and Arthur Andersen & Co., which was paid millions by Knight-Ridder, both have maintained that selling The Free Press to the highest bidder is not a consideration, only a JOA or a shut down. Despite that, Judge Needelman ruled objectively when he advised Ed Meese that The Free Press had cooked its books and did not qualify for a JOA under the Newspaper Preservation Act.
...