I'm PayPal Verified

Now Over 80+ Articles




Symantec Lawsuit

Knight Ridder Deal: Part II

Knight Ridder Deal

Commercial Banks

Stock Pick: TGT

Buy Low & Sell High

CD Laddering

Dollar Cost Averaging

Buying On Margin

Dogs Of The Dow

Stock Pick: PVX

Prospectus Reports

Fund Pick: FCNTX

Health Savings Accounts

Mutual Fund Fees

Emigrant Direct

Stock Pick: ET

Microsoft's Competition

Global Growth Is Key

Savings Bonds

Radioshack's Problems

Types of Bonds

Stock Pick: VECO

Bernanke's Fed

Production Push & Pulls

Global Wal-Mart

Basics of Real Estate

Sarbanes-Oxley Act

Stock Pick: UTX

30-Year Bonds

Basics of Options

Trader Talk: EBITDA

Email Postage

Hedge Funds

Stock Pick: AVX

ETFs

Treasury Securities

In Profile: Xcel Energy

Exchange Rates

Venture Capitalists

Banking

Disney Buys Pixar

Mackey's Whole Foods

Reading Stock Quotes

Stock Pick: INTC

Hackers & Business

Breakeven Analysis

In Profile: Toys 'R' Us

Product Promotion In Schools

Distribution Methods

Site Update: 1/15/06

Stock Pick: SBS

Personal Selling

Cell Phone Tracking

Accounting Reform

In Profile: Sprint Nextel

In Profile: Wachovia

Bond Funds

Asset Allocation Funds

Apple's Q4 '05 Earnings

The European Union

U.S. Postal Service Overview

International Monetary Fund

China's Internet

529 Plans

Sun & Google Team Up

Bill Gates & Microsoft

Recession Stock Picks

AIDS: An Ethical Debate

In Profile: Sonoco Products

Systematic Investment Plans

World Trade Organization

XM vs. Sirius Satellite

Money Market Funds

Agressive Portfolios

Annuities Explained

Mail-Order Catalogs Fading?

Privatizing Social Security

Merck: Vioxx Case Review

In Profile: Intel

Roth IRAs: Starting Early

Investing For Beginners



If you want to be updated on this weblog Enter your email here:



rss feed



 
Wednesday, March 15, 2006
Knight Ridder Deal Part II

By: Michael E. Martinez

The McClatchy Co.'s plan to quickly sell off a dozen of the newspapers it acquired in the Knight Ridder Inc. deal left journalists in those newsrooms stunned and uncertain Monday as they tried to divine their futures.

Newspaper staffers from California to Pennsylvania spent the day digesting the news that after months of uncertainty they still didn't know who their new bosses would be. Knight Ridder Chief Executive Officer Tony Ridder issued a letter to company workers Monday saying that "for those 12 newspapers that are being sold, the uncertainty is not over, and I regret that very much." However, he did not address how or when he discovered they would be sold.

In addition to the Mercury News and Contra Costa Times, McClatchy plans to sell one other California newspaper it acquired by swallowing Knight Ridder: the Monterey Herald. The San Luis Obispo Tribune is the only Knight Ridder paper in California that McClatchy intends to keep. Nine other newspapers - the Philadelphia Inquirer, Philadelphia Daily News, Akron Beacon Journal, Wilkes-Barre Times Leader, Aberdeen American News, Grand Forks Herald, Ft. Wayne News-Sentinel, Duluth News Tribune and St. Paul Pioneer Press - also will be sold.

Posted at Wednesday, March 15, 2006 by MartinezMic

 

Leave a Comment:

Name


Homepage (optional)


Comments




Previous Entry Home Next Entry