SATURDAY, DECEMBER 10, 2005
San Jose Mercury News
A source familiar with the bidding process tells
Chris O'Brien and
Pete Carey that Denver-based MediaNews is also interested in joining a bidding coalition, but hasn't yet submitted its own bid. "While the number of parties interested exceeded the low expectations set by Wall Street, it remains unclear what value the bidders set on Knight Ridder," write the Merc News reporters. "Knight Ridder is now expected to move to a second round by inviting some or all of the bidders to examine its internal finances and visit with management and its newspapers."
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Morton: KR bidding thus far shows newspapers are still valuable (LAT)Posted at 12:23:23 PM
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