MONDAY, MARCH 13, 2006
Editor & Publisher | McClatchy press releaseKnight Ridder has agreed to sell itself to McClatchy for $4.5 billion. McClatchy says in a
press release that it will now sell 12 KR papers, including the two Philadelphia papers and the San Jose Mercury News. The company these papers are located in cities that "do not fit the company's longstanding acquisition criteria, chiefly involving growing markets." KR CEO
Tony Ridder says: "For the 12 newspapers that will be sold, the uncertainty is not over and I regret that very much."
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The other papers to be sold are the Akron Beacon Journal, Wilkes-Barre Times Leader, Aberdeen American News, Grand Forks Herald, Ft. Wayne News-Sentinel, Contra Costa Times, Monterey Herald, Duluth News Tribune, and St. Paul Pioneer Press.
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KR alums urge McClatchy to reexamine intention to sell papers (Misc.)
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Will the Guild get some of the KR papers that McClatchy's selling? (E&P)
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McClatchy says it doesn't plan to cut jobs at the papers it's buying (Strib)
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Three factors played key roles in Knight Ridder's downfall (SacBee)
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Earlier: Future turns cloudy for St. Paul Pioneer Press (Pioneer Press)
Posted at 10:16:51 AM
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