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Knight Ridder Newspaper Chain Agrees to Sale
NY Times (via Drudge) ^
| 3/12/06
| KATHARINE Q. SEELYE & ANDREW ROSS SORKIN
Posted on 03/12/2006 7:31:37 PM PST by Tribune7
Knight Ridder, the nation's second-largest newspaper company by circulation, agreed last night to sell itself for about $4.5 billion in cash and stock to the McClatchy Company, a publisher half its size, according to people involved in the negotiations.
(snip)
Still, McClatchy, which is based in Sacramento and publishes the Sacramento Bee and the Minneapolis Star Tribune, among others, was the only major newspaper company to submit a final bid for Knight Ridder, publisher of such venerable newspapers as the Miami Herald, the Philadelphia Inquirer and the San Jose Mercury News.
(snip)
Under the terms of the deal, McClatchy agreed to pay about $67 a share in cash and stock for Knight Ridder, these people said. About 60 percent of the payment will be in cash, while the rest will be in McClatchy shares
(Excerpt) Read more at nytimes.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events; US: Florida; US: North Carolina; US: Pennsylvania
KEYWORDS: charlotteobserver; knightridder; mcclatchy; newspapers
Navigation: use the links below to view more comments.
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1
posted on
03/12/2006 7:31:38 PM PST
by
Tribune7
To: Owl_Eagle; brityank; Physicist; WhyisaTexasgirlinPA; GOPJ; abner; baseballmom; Willie Green; Mo1; ..
2
posted on
03/12/2006 7:32:16 PM PST
by
Tribune7
To: Tribune7
That's going to add a bunch of newspapers to FR's excerpt-only list.
3
posted on
03/12/2006 7:34:36 PM PST
by
Dog Gone
To: Tribune7
More liberal lay offs coming.
4
posted on
03/12/2006 7:35:29 PM PST
by
ncountylee
(Dead terrorists smell like victory)
To: Tribune7
5
posted on
03/12/2006 7:36:11 PM PST
by
Rockitz
(After all these years, it's still rocket science.)
To: Tribune7
If only Rupert would have put up a bid . . .
To: Tribune7
Good ridder to bad rubbish!
7
posted on
03/12/2006 7:37:06 PM PST
by
Revolting cat!
("In the end, nothing explains anything.")
To: LdSentinal
Rupert figures he waits a year he'll get it for pennies on the dollar.
8
posted on
03/12/2006 7:38:25 PM PST
by
Tribune7
To: Tribune7
So, a leftist minnow is swallowing a leftist whale.
I hope they get indigestion.
9
posted on
03/12/2006 7:38:38 PM PST
by
Cicero
(Marcus Tullius)
To: Tribune7
Meet the new boss.
Same as the old boss.
To: martin_fierro
Meet the new boss. Same as the old boss.
Great lines! Have you considered writing a song around them? And, may I suggest a title? Let's say: We Will Not Be Deceived No More, No How!
11
posted on
03/12/2006 7:45:16 PM PST
by
Revolting cat!
("In the end, nothing explains anything.")
To: Rabid Dog
12
posted on
03/12/2006 8:11:25 PM PST
by
Snapping Turtle
(Slow down and get a grip!)
To: Rabid Dog
13
posted on
03/12/2006 8:11:29 PM PST
by
Snapping Turtle
(Slow down and get a grip!)
To: martin_fierro
LOL
And some Philadelphians will be fooled again.
14
posted on
03/12/2006 8:18:50 PM PST
by
Tribune7
To: Snapping Turtle
15
posted on
03/12/2006 8:26:48 PM PST
by
Buddy B
(MSgt Retired-USAF)
To: Tribune7; NormsRevenge; Grampa Dave; SierraWasp; BurbankKarl; Brad's Gramma; A CA Guy
So it really happened....
Orange County Register is impacted...
To: Tribune7
The Murky News is "venerable"? Silly me, I forgot to venerate it!
To: Tribune7
I wonder how much re real estate is worth?
18
posted on
03/12/2006 8:52:51 PM PST
by
InABunkerUnderSF
(Enforce the 13th Amendment - Free the H1Bs)
To: Ernest_at_the_Beach
How? I don't see it on the list of KR-owned papers.
19
posted on
03/12/2006 8:57:04 PM PST
by
Bernard Marx
(Fools and fanatics are always certain of themselves, but the wise are full of doubts.)
To: Tribune7; All
I got question is this Helen Thomas boss
BOY Sea Hag going be out of gig I THINK
20
posted on
03/12/2006 9:05:46 PM PST
by
SevenofNine
(I'd rather hunt with Dick Cheney than ride with Ted Kennedy)
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