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 MIAMI, Jan. 10 /PRNewswire/ -- Knight-Ridder, Inc. (NYSE: KRI) announced today it is forming a video news company to launch "The Inquirer News Hour," a nightly local news broadcast in Philadelphia, based on the award-winning journalism of The Philadelphia Inquirer.
 The new company, KR Video Inc., will produce the broadcast seven nights a week over WPHL-TV, a Tribune company station, Channel 17, from 10 to 11 p.m. The theme of the program, to be produced by broadcast journalists, will be tomorrow's newspaper tonight. It will highlight the next morning's Inquirer, giving viewers extra insight into news events and giving Inquirer readers an advance look at the top stories in the next day's newspaper.
 The program is expected to begin broadcasting by early summer.
 "This new venture represents a vital step in our evolution from print to full-service information provider," said P. Anthony Ridder, president of Knight-Ridder, parent company of the Inquirer. "Knight- Ridder newspapers have long been known not only for their quality, but as the dominant providers of news and information in their markets. Now, by combining the depth and perspective of our traditional newspaper reporting with the sound and action of video, we will have a new and critical outlet for getting that product to consumers."
 Ridder continued: "Clearly we live in an era of rapidly shifting tastes and technologies. No one knows exactly how the much-discussed 'information-highway' of the future will finally evolve. But whatever emerges, we believe video will play a key role, and that quality of content will matter. We have always stood for quality. We want to ensure that in the future our expertise in gathering and assembling information is able to reach all kinds of audiences."
 Ridder said that KR Video, working closely with the Inquirer, will develop a broadcast format that could serve as a template for similar ventures in other Knight-Ridder markets. "We expect to serve both readers and advertisers in new, creative ways," he added.
 The Inquirer News Hour will have its own staff, housed at WPHL. Working through liaisons with the Inquirer newsroom, the video staff will put together a broadcast that follows the layout of the next morning's paper. The broadcast will on occasion include substantial segments based on the Inquirer's award winning investigative journalism.
 "We live in a multi-media age," Robert J. Hall, publisher and chairman of Philadelphia Newspapers Inc., said, "and I can think of no better marriage of two media than a newspaper of The Inquirer's depth and reputation with the professional television news gathering operation KR Video will develop, plus the Tribune company's tradition of broadcast excellence."
 KR Video, which will be a wholly owned subsidiary of Knight-Ridder, will report to Clark Hoyt, Knight-Ridder vice president/news. Hoyt said that a general manager of KR Video is expected to be named soon. Also to be hired is a staff of broadcast news producers, anchors, reporter, photographers, advertising sales and other staff.
 "We want to ensure that the character of The Inquirer and its journalistic standards are reflected in all that the broadcast does," said Hoyt.
 Knight-Ridder is an international communications company engaged in newspaper publishing, business news and information services, electronic retrieval services, news, graphics and photo services, cable television and newsprint manufacturing. The company publishes 29 daily newspapers in the United States. Around the world, news, advertising and information from Knight-Ridder reach more than 100 million people in more than 100 countries.
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 /CONTACT: Frank N. Hawkins Jr., 305-376-3838, or Lee Ann Schlatter, 305-376-3839, both of Knight-Ridder/

CO: Knight-Ridder, Inc.; The Philadelphia Inquirer; KR Video Inc. ST: Florida, Pennsylvania IN: PUB SU: PDT

DP-AW -- FL008 -- 0463 01/10/94 09:46 EST
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Publication:PR Newswire
Date:Jan 10, 1994

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