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