Denver Business Journal
Philip Anschutz (left), who owns the LA Lakers and LA Kings and other professional sports teams, becomes the fourth owner of the
Examiner, which began publication in 1865. Hearst sold the paper to the
Fang family in 2000. Hearst's $66 million subsidy of the Fang family operations ended last July. In 2003, Anschutz was #33 on the
Forbes 400 list. His Denver-based company has investments in the fields of energy, pipelines, railroads, agriculture, real estate, film production, movie theaters, professional sports, telecommunications, entertainment, as well as radio and newspaper media outlets.
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The reclusive billionaire made a rare public statement in 2002, denying Fortune magazine's claim that he was the nation's "greediest executive."
(Denver Business Journal)
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The Examiner reports: "
Mrs. Fang, along with sons James and Ted, will remain active in publishing and journalism. The Fangs will continue to own and publish
AsianWeek and
Chinese TV Guide and Mrs. Fang will serve as an advisor to The Anschutz SF Newspaper Co. at The Examiner and Independent."
Earlier stories:
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Anschutz may be richest man in U.S. you've never heard of (LA)
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Anschutz plans on taking the film out of movies (NY Observer)
