Poynter Online - McClatchy to Sell off Inky, Merc, 10 Other KR Papers McClatchy buys Knight Ridder, will sell 12 KR newspapers
Editor & Publisher | McClatchy press release
Knight 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.'
Monday, March 13, 2006
Poynter Online - McClatchy to Sell off Inky, Merc, 10 Other KR Papers
Is there anything to read into this? (pun intended) I didn't get the McClatchy endorsement, so I'm not too worried. :)