MONDAY, MARCH 13, 2006
San Jose Mercury NewsThe Knight Ridder acquisition not only will reshape McClatchy, but will alter the entire media landscape, writes
Chris O'Brien. Newspaper analyst
Doug Arthur says: "
Gary Pruitt (left) is the best young executive in the [newspaper] group. Right now, I have a hard time getting institutional investors interested in McClatchy, frankly. But with this merger, McClatchy becomes the most interesting name in the group. It goes from an interesting little niche-y story to a major story."
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"We do not think it will be difficult to find buyers" for the 12 KR papers McClatchy is selling, says Pruitt. "We begin marketing these papers today.... We will move with alacrity. Perhaps a simultaneous closing."
(Philadelphia Inquirer)
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McClatchy-KR deal wasn't swayed by emotion, says Pruitt (SacBee)Posted at 12:55:50 PM
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