Knight Ridder Newspapers
Morgan Stanley's Douglas Arthur says an analysis of Knight Ridder's financial information shows a buyer could make a sizable return on investment by cutting an additional 5% to 6% of costs without seriously damaging the company. The analysis says that the cost of running KR's newspapers and digital-media operations could be trimmed by as much as $350 million under a "scorched-earth" reduction of 1,064 of the KR's 18,000 employees, the shutdown of the Philly Daily News, and heavy cuts at corporate headquarters and Knight Ridder Digital. || Reuters: The Blackstone Group, Providence Equity Partners Inc. and Kohlberg Kravis Roberts & Co. are in the early stages of preparing a possible offer for Knight Ridder, say sources.
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