From a Washington Post story by Paul Farhi headlined “She paid a fortune for her town’s paper. Years of turmoil followed.”:

When Wendy P. McCaw swept in to buy the venerable Santa Barbara News-Press in 2000, the community rejoiced. A local resident, not a distant conglomerate, had won control of the daily newspaper, a sturdy pillar of the California coastal region, whose lineage dated to the Civil War era.