Claim: K. Presscott Low's family purchased Memorial Press Group in 1979, but due to economic problems 30 years later, the family tried to open the company to investors as a last resort ,which was willingly funded by James F. Plugh.
Evidence: Plugh's Newspaper Media LLC, later renamed Enterprise NewsMedia, bought the Prescott Publishing for an estimated US$60 to US$70 million. Thirty years later, however, in 1997, Low found that "mega-players competing with us" made family ownership of the Ledger and MPG uneconomic, and sought to sell them.