August 4, 2005 |
Gannett Co., the nation's largest newspaper company, is buying the Detroit Free Press from Knight Ridder Inc. and MediaNews Group Inc. will take ownership of the Detroit News from Gannett, the companies announced Wednesday. Gannett and Knight Ridder also announced an exchange of newspapers in Florida, Washington and Idaho. Terms of the transactions were not disclosed. Gannett is buying the Tallahassee Democrat in Florida from Knight Ridder.
February 16, 2006 |
Los Angeles supermarket magnate Ron Burkle, stung by some of his Internet investments during the dot-com bust, now wants to place a bet on old media. Burkle's Yucaipa Cos. said Wednesday that it would provide financial backing for an upstart campaign by Knight Ridder Inc. employees to buy nine of their company's newspapers.
August 25, 2001 |
Media company Tribune Co. and newspaper publisher Knight Ridder Inc. teamed up Friday to buy online resume bank Headhunter.net Inc. for about $200 million, which they would add to their jointly owned online recruiter CareerBuilder Inc. Tribune's newspapers include the Los Angeles Times and the Chicago Tribune. Knight Ridder papers include the San Jose Mercury News. The Headhunter deal would set up a battle between CareerBuilder and Monster.com, owned by TMP Worldwide Inc.
April 12, 2006 |
Los Angeles investor Ron Burkle is turning to a former insider as he pursues 12 Knight Ridder Inc. newspapers now on the block. Burkle's Yucaipa Cos. said Tuesday that it had hired James Naughton, a former executive editor of the Philadelphia Inquirer -- the largest of the papers McClatchy Co. is selling as part of its acquisition of San Jose-based Knight Ridder.
February 4, 2006 |
Gannett Co. appears to have dropped out as an independent bidder for all of Knight Ridder Inc. and may instead try to join a group seeking to buy the San Jose-based newspaper company, said people close to the sale process. Gannett, the publisher of USA Today, was expected to be a top contender in the auction. But Gannett skipped a meeting with Knight Ridder this week to go over the company's financial data, a sign it will not bid independently, the sources said.
April 26, 1989
Media Firms: Two media firms, Washington Post Co. and Knight-Ridder Inc. reported declines in their first-quarter earnings. The Washington Post Co.'s earnings tumbled 71% to $41.5 million. Revenue rose 6.5% to $341.9 million. The firm noted that the 1988 results had included a non-recurring gain of $115.7 million from the sale of cellular telephone interests. Excluding that gain, the company said its earnings would have risen 42% from a year earlier. Newspaper division revenue climbed 7%, its television station revenue was up 5% and cable division revenue gained 13%. Newsweek's revenue rose 1%. Miami-based Knight-Ridder said its profit fell 39.3% to $20.5 million from $33.8 million.
March 13, 2006 |
Knight Ridder Inc., the nation's second-largest newspaper company, is expected to announce today that it has agreed to be acquired by McClatchy Co. in a deal valued at $4.5 billion, according to a published report. Under the deal approved by Knight Ridder's board Sunday night, McClatchy, based in Sacramento, would pay about $67 a share in cash and stock for the company, according to the New York Times, which cited unnamed sources in an article posted on its website late Sunday.
December 25, 2005 |
The day after Hurricane Katrina wrecked the Gulf Coast, Tony Ridder headed for Mississippi, where one of his newspapers was confronting the biggest story in its history without power, telephones or running water. The chairman and chief executive of San Jose-based Knight Ridder Inc. reached the scene before most of the staff of the Biloxi Sun Herald had made it back to the newsroom.
October 18, 2006 |
McClatchy Co. said Tuesday that its acquisition of Knight Ridder Inc. helped boost third-quarter profit, but the nation's No. 2 newspaper company warned of a continuing slump in classified and national advertising. McClatchy, based in Sacramento, said net income rose to $51.8 million, or 64 cents a share, from $38.6 million, or 82 cents, a year earlier. The company nearly doubled its outstanding shares to 81 million this year to fund the $4.