The Philadelphia Daily News is a tabloid newspaper that
serves that serves Philadelphia, Pennsylvania, United
States. The newspaper is owned by Philadelphia Media
Holdings which also owns Philadelphia's other major
newspaper The Philadelphia Inquirer. The Daily News began
publishing on March 31, 1925, under founding editor Lee
Ellmaker. By 1930 the newspaper's circulation exceeded
200,000, but by the 1950s the news paper was losing money.
In 1954 the newspaper was sold to Matthew McCloskey and then
sold again in 1957 to publisher Walter Annenberg. In 1969
Annenberg sold the Daily News to Knight Ridder. In 2006
Knight Ridder sold the paper to a group of local investors.
The Daily News has won the Pulitzer Prize three times.