December 2, 2005 |
A group of private equity firms, including two that own a significant stake in the Orange County Register, is mulling over a bid for newspaper chain Knight Ridder Inc. Blackstone Group, Providence Equity Partners Inc. and Kohlberg Kravis Roberts & Co. are working on a possible offer for the San Jose-based company, three people with knowledge of the discussions with Knight Ridder said Thursday. It was unclear whether the talks would lead to a formal offer or how much it might be.
March 29, 2000 |
San Jose-based newspaper chain Knight Ridder Inc. and a union representing local reporters and editors have reached a $1.2-million settlement that will give some current and former workers at the Long Beach Press-Telegram severance pay stemming from Knight Ridder's sale of the newspaper in 1997, union officials said. Gary North, president of the Southern California Media Guild, said that the settlement was reached in September, but that implementation was delayed until last week.
April 28, 2001 |
Knight Ridder Inc. will eliminate jobs at most of its 32 daily newspapers across the country in the face of plunging advertising revenue and rising newsprint prices, the company said. The nation's second-largest newspaper company did not specify how many jobs will be lost in the reorganization. San Jose-based Knight Ridder, whose newspapers include the San Jose Mercury News, the Philadelphia Inquirer and the Miami Herald, employs about 22,000 people.
November 4, 2005 |
Knight Ridder Inc., the second-largest newspaper publisher in the country, came under renewed pressure from investors Thursday as its third-largest shareholder joined a call to put the company up for sale. Another major investor also said it would be taking an active role in discussing the company's future.
November 2, 2005 |
Knight Ridder Inc.'s largest shareholder Tuesday called for a sale of the San Jose-based newspaper publisher, citing management's inability to bolster the company's share price and profit. The stock rose 8.7%, its biggest surge in 18 years. Private Capital Management wrote to Knight Ridder's board urging it to auction the company. The firm said in a regulatory filing that it owns 19% of Knight Ridder, owner of the San Jose Mercury News, the Miami Herald and other papers.
January 11, 2006 |
As Knight Ridder Inc. begins meeting with potential buyers this week, new names are emerging as contenders for the country's No. 2 newspaper chain. At least three previously undisclosed private equity firms have joined groups interested in acquiring the publisher of the San Jose Mercury News, Philadelphia Inquirer and 30 other papers.