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Knight Ridder Inc

BUSINESS
December 2, 2005 | Joseph Menn, Times Staff Writer
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.
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BUSINESS
November 21, 2005 | Thomas S. Mulligan, Times Staff Writer
The money managers who successfully prodded Knight Ridder Inc. to put itself on the market might have picked a more advantageous moment. San Jose-based Knight Ridder, like other big-city newspaper chains, is suffering from chronic circulation and advertising declines, but there's also the persistent background buzz that the industry has its rear legs in a tar pit with nothing between it and extinction except a certain amount of useless thrashing.
BUSINESS
November 15, 2005 | Joseph Menn, Times Staff Writer
Knight Ridder Inc. bowed to investor pressure Monday and said it had asked investment bankers to "explore strategic alternatives," including a possible sale of the newspaper chain. Shares in the San Jose-based company rose as much as $2.60, to $65.10, but slid back to close at $63.10 as Wall Street analysts questioned whether any buyer would be willing to spend the more than $4 billion that Knight Ridder's shares are currently worth.
BUSINESS
November 11, 2005 | Joseph Menn, Times Staff Writer
Knight Ridder Inc.'s largest shareholder Thursday applied more pressure to the San Jose newspaper chain to put itself up for sale, saying it might nominate candidates for the company's board and raising the possibility that it would approach potential buyers. Private Capital Management, which owns a 19% stake in the nation's No.
BUSINESS
November 4, 2005 | From Associated Press
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.
BUSINESS
November 2, 2005 | From Bloomberg News
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.
BUSINESS
September 21, 2005 | From Bloomberg News
New York Times Co. and Knight Ridder Inc. said Tuesday that they would eliminate hundreds of jobs to cut costs in response to declining ad sales. New York Times, the third-biggest U.S. newspaper publisher, is cutting 500 jobs, or about 4% of its workforce, the company said. Knight Ridder, the No. 4 U.S. newspaper company, offered buyouts to 100 newsroom employees at the Philadelphia Inquirer and the Philadelphia Daily News, a spokesman said.
BUSINESS
March 23, 2005 | From Associated Press
Three major newspaper companies are investing in Topix.net, a start-up technology company that collects and sorts news stories from various sources on the Internet. Tribune Co., Gannett Co. and Knight Ridder Inc. are each taking a 25% stake, the Palo Alto-based company disclosed Tuesday. Topix's founders will retain the remaining share. Financial terms were not disclosed under the deal, which will be formally announced today. Topix launched its site a little more than a year ago and had 1.
BUSINESS
September 20, 2002 | From Reuters
Knight Ridder Inc., the No. 2 U.S. newspaper publisher, said Thursday that it expected third-quarter earnings to fall well short of analysts' estimates as weak classified advertising has hurt revenue in Silicon Valley and other key markets. Chairman and Chief Executive Tony Ridder said he expected earnings to nearly match the 81 cents a share earned a year ago. Analysts, on average, expected earnings of 87 cents per share, within a range of 85 cents to 91 cents, according to Thomson First Call.
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