April 25, 2001 |
Knight Ridder Chairman Tony Ridder sparred with employees over budget cuts at the company's annual meeting Tuesday and criticized the resigned publisher of the San Jose Mercury News for failing to react more quickly to Silicon Valley's eroding economy. Ridder fielded eight questions during the meeting, and all but one revolved around Knight Ridder's commitment to journalism in the face of a slowing economy, which resulted in a 31% decline in the company's first-quarter profit.
March 28, 2001 |
The president of the Miami Herald was named publisher of the San Jose Mercury News on Tuesday, replacing Jay T. Harris, who quit last week in a dispute over parent Knight Ridder's cost-cutting plans. Joseph T. Natoli, 45, has spent his entire career with Knight Ridder, first as an accountant in the company's suburban division and then in various management positions at the Herald.
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.
September 20, 2002 |
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.
August 5, 1998 |
David Lawrence Jr. is stepping down after nine years as publisher of the Miami Herald, Knight Ridder's flagship newspaper, to be replaced by Alberto Ibarguen, publisher of El Nuevo Herald, the company said. Lawrence will remain as chairman of the Miami Herald Publishing Co. through the end of the year. Under Lawrence's leadership, the Herald won four Pulitzer Prizes but is in the midst of what Lawrence called "a reexamination."
October 17, 2001 |
Knight Ridder Inc., the second-biggest U.S. newspaper publisher, said third-quarter profit fell 27% on lower sales as terrorist attacks prolonged an advertising slump and raised expenses. Net income at the San Jose-based publisher of the Philadelphia Inquirer and the Miami Herald fell to $55.7 million, or 65 cents a share, from $76.1 million, or 87 cents, a year earlier. Sales declined 9.9% to $693.1 million from $769.2 million.