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. - Source: Wikipedia