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Topic: Knight Ridder

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	ASNE - Knight Ridder Code of Business Ethics (Site not responding. Last check: 2007-10-18)
		No Knight Ridder employee should become involved in any situation where he or she might profit or benefit as a result of any relationship or act that is not in the best interests of Knight Ridder.
		Knight Ridder employees are expected to avoid any outside interest that might conflict with their loyalty to Knight Ridder or their commitment to its values.
		Knight Ridder employees, as private individuals, are free to contribute to and work for political parties, causes or candidates and to participate in debate on issues of the day.
	www.asne.org /index.cfm?ID=3552 (1899 words)

	SignOnSanDiego.com > News > Business -- Knight Ridder shareholders approve sale to McClatchy
		Ridder, 65, is due to receive a $9.4 million severance payment after the sale closes, part of a $57 million windfall due to Knight Ridder's top executives and managers.
		Knight Ridder's showdown with investors was something that Ridder said he had been dreading since he left a job as the Mercury News' publisher 20 years ago to help run the company from corporate headquarters.
		Ridder acknowledged the job cuts might have made it more difficult for the company's papers to gather its news, but said he didn't believe any of the company's papers were inadequately staffed.
	www.signonsandiego.com /news/business/20060626-1438-ca-knightridder-shareholders.html (816 words)

	On The Media-- KNIGHT MOVES
		On Sunday night, the newspaper chain Knight Ridder, publisher of 32 papers across the country, was bought by the McClatchy Company, a publisher roughly half its size.
		Stockholders, once the Knight and Ridder families were virtually out of it, the shareholders controlled the company and Wall Street controlled the goals that were set for the company.
		It was, I think, terrifically ironic that the things that Knight Ridder felt it had to do in the way of cutting costs were to save the company from precisely what has happened, from a takeover.
	www.onthemedia.org /transcripts/transcripts_031706_knightmoves.html (1129 words)

	The Seattle Times: Business & Technology: Press run ends for Knight Ridder
		Ridder, 65, is to receive a $9.4 million severance payment after the sale closes, part of a $57 million windfall due to Knight Ridder's top executives and managers.
		Knight Ridder's papers wound up winning 85 Pulitzer Prizes — journalism's highest honor — but those achievements didn't seem to matter much on Wall Street, where institutional investors are increasingly dissatisfied with the industry's shrinking profit margins as more advertising shifts to the Internet.
		Those pressures buried Knight Ridder, whose shares sank from a high of $80 a share in 2004 to a low of $52.42 last year despite Tony Ridder's persistent efforts to boost the company's earnings with cost cuts and other measures.
	seattletimes.nwsource.com /html/businesstechnology/2003087816_knightridder27.html (802 words)

	What-Ifs of a Media Eclipse - New York Times
		Ridder did not say was that during the previous three months, an aggressive group of shareholders, headed by Bruce S. Sherman of Private Capital Management, had been urging him behind the scenes to sell the company.
		Knight Ridder — with 18,000 employees and 32 daily newspapers with a combined circulation of 3.7 million — sold itself to the McClatchy Company for $4.5 billion and the assumption of $2 billion in debt.
		The dismantling of Knight Ridder is a study of the hurdles facing publicly traded newspaper companies in a time of seismic change in the industry.
	www.nytimes.com /2006/08/27/business/yourmoney/27knight.html?ex=1314331200&en=7c7e27eaf61a92b0&ei=5090&partner=rssuserland&emc=rss (1108 words)

	USATODAY.com - Knight Ridder shareholders approve sale to McClatchy (Site not responding. Last check: 2007-10-18)
		SAN JOSE, Calif. (AP) — Knight Ridder (KRI) shareholders on Monday approved the company's $4.5 billion sale to McClatchy (MNI) during an emotional meeting that served as a funeral for nation's second-largest newspaper publisher.
		Ridder Publications eventually merged with Knight Newspapers in 1974, forming a company that produced some of the country's biggest papers.
		Financial pressures consumed Knight Ridder, whose shares sank from a high of $80 a share in 2004 to a low of $52.42 last year despite Tony Ridder's efforts to boost the company's earnings with cost cuts and other measures.
	www.usatoday.com /money/media/2006-06-26-mcclatchy-lastpaper_x.htm (597 words)

	ContraCostaTimes.com \| 01/25/2006 \| Knight Ridder said to urge cuts
		SAN JOSE - Knight Ridder is telling prospective buyers that its profits can be sharply increased by cutting jobs and benefits and reducing the size of some of its 32 newspapers.
		The figures Knight Ridder is giving potential buyers are similar to those in a Morgan Stanley research report published in November.
		According to the projections, a buyer could increase Knight Ridder's earnings by about 20 percent over 2004 earnings in the next 18 months by cutting jobs and benefits, streamlining operations and reducing the size of some of its 32 newspapers.
	www.contracostatimes.com /mld/cctimes/13706858.htm (505 words)

	NPR : McClatchy Will Buy Knight Ridder for $4.5 Billion
		Marie Ridder is a former newspaper reporter and a member of one of the families that once controlled Knight Ridder.
		Knight Ridder had slashed newsroom budgets in recent years at its larger papers as circulation and advertising revenues declined.
		Knight Ridder's corporate secretary, Polk Laffoon, says the papers that remain with McClatchy will be in good hands.
	www.npr.org /templates/story/story.php?storyId=5260417&ft=1&f=1001 (793 words)

	Potential Knight Ridder bidders emerge
		Knight Ridder has since said it is working with investment bankers at Goldman Sachs and Morgan Stanley to explore its options, including a possible sale.
		Knight Ridder's revenue is expected to grow 1.8 percent this year.
		Knight Ridder still is in the first round of what could be a lengthy process.
	www.wtopnews.com /index.php?nid=114&sid=638462 (1345 words)

	MercuryNews.com \| 06/24/2006 \| Shareholder vote set to end KR's run
		Knight Ridder was targeted by PCM's Sherman because, unlike many other newspaper companies, it lacked the protection of a super-voting class of stock that would let family members retain control.
		Knight Ridder CEO Tony Ridder, on the other hand, is losing the company that bears his name.
		Ridder, who was publisher at the Mercury News for nine years, moved Knight Ridder's headquarters from Miami to downtown San Jose to be at the center of the Internet revolution, only to see the company sold eight years later.
	www.mercurynews.com /mld/mercurynews/business/14893549.htm (1390 words)

	McClatchy to buy Knight Ridder for $4.5B - Boston.com
		Knight Ridder's shares fell $1.08, or 1.7 percent, to $63.92.
		Knight Ridder put itself on the block last fall when the company's largest shareholders forced it to explore a sale, having become frustrated with its stock performance.
		Knight Ridder's chairman and CEO Tony Ridder said in a statement Monday the "uncertainty is not over" for employees at the 12 papers McClatchy intends to divest, and "I regret that very much."
	www.boston.com /business/articles/2006/03/13/report_mcclatchy_buying_knight_ridder/?page=1 (949 words)

	Online NewsHour: McClatchy Co. Buys Knight Ridder Inc. March 13, 2006
		Knight Ridder has -- has a long history of owning a lot of newspapers, some in growth markets, some not, some with a lot of problems, and some not.
		Even in its growth markets, Knight Ridder was very tight-fisted and was trying to keep its stock price up and fend off potential, you know, buyers to the company by being very efficient, in other words, being -- controlling costs everywhere it could.
		Knight Ridder has not built circulation, not grown the circulation of its newspapers.
	www.pbs.org /newshour/bb/entertainment/jan-june06/knightridder_3-13.html (1642 words)

	Laid-off workers, rich execs
		What the Merc didn't say was that Knight Ridder made its goals, in part, on the backs of laid-off employees, and workers still at its 31 papers who have had to cope with lower budgets.
		Knight Ridder, based in San Jose, is the country's second-largest chain of newspapers.
		Ridder has stated publicly that the jobs that were cut would not come back anytime soon, even after the economy boosts revenue.
	sfgate.com /cgi-bin/article.cgi?f=/c/a/2003/01/30/BU226668.DTL (992 words)

	Knight-Ridder Group: Overview
		In 2005 Knight Ridder announced that it was selling the Detroit Free Press and Tallahassee Democrat to Gannett and acquiring the Boise Idaho Statesman, Olympia (Washington) Olympian and the Bellingham Herald from Gannett.
		Knight Ridder was formed in 1974 by the merger between Knight Newspapers Inc. and Ridder Publications Inc.
		Knight Ridder moved its headquarters from Miami to San Jose in California, apparently in an unsuccessful effort to gain some Silicon Valley gloss, but was criticised for low revenue growth.
	www.ketupa.net /knight.htm (759 words)

	Online NewsHour: Presses Under Pressure -- Tony Ridder
		The CEO of Knight Ridder newspapers examines how his company has responded to the Sept. 11 attacks and the resulting war on terrorism, as well as the effects of budget cutbacks.
		And I think that one thing for Knight Ridder that makes this story a little different is that we have had some coordination in the past in covering the Olympics and the national conventions.
		It, of course, was dramatically in the news in 1997, the floods, and Knight Ridder was more than generous in its response rebuilding the building and what it did for the community.
	www.pbs.org /newshour/media/ridder/ridder.html (2853 words)

	Newspaper Chain Agrees to a Sale for $4.5 Billion - New York Times
		Knight Ridder, the second-largest newspaper company in the United States, agreed Sunday 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.
		The sale may help assuage some investors who are nervous about the values of newspaper companies, however, because Knight Ridder commanded a premium of about 25 percent for its shares from the time it put itself up for sale in November under pressure from shareholders who were unhappy with performance of its stock.
		While Knight Ridder attracted interest from some big publishers, including Gannett, the largest chain in the United States, most major newspaper companies passed on the auction entirely, underscoring just how unsettled the biggest players are about their own business.
	www.nytimes.com /2006/03/12/business/media/13knight.web.html?ex=1299819600&en=e493479f625b963f&ei=5090&partner=rssuserland&emc=rss (795 words)

	American Journalism Review
		In November, Knight Ridder's three largest shareholders, unhappy with the stock price, demanded that the company be auctioned off to the highest bidder.
		Knight Ridder was many months ahead of the pack in casting doubt on those claims.
		In March 2005, Knight Ridder reporters Chris Adams and Alison Young published a package of stories showing that tens of thousands of veterans returning from America's wars have had to fight their government to win the disability benefits to which they are entitled.
	www.ajr.org /Article.asp?id=4065 (4208 words)

	AJR -
		A few weeks earlier, Knight Ridder Washington reporters Warren Strobel and Jonathan Landay received the Raymond Clapper Memorial award from the Senate Press Gallery for their coverage of the sketchy intelligence used to justify war with Iraq.
		"Knight Ridder is not, in some people's eyes, seen as playing in the same ball field as the New York Times and some major networks," Strobel says.
		With three of Knight Ridder's newspapers in cities with military bases providing a large number of troops for the war — Lexington, Kentucky; Macon, Georgia; and Fort Worth, Texas — Landay says the chain had a special obligation to the story.
	www.ajr.org /article_printable.asp?id=3725 (1016 words)

	Knight Ridder Inc. profile and media properties at MediaOwners.com - American media companies
		While Knight Ridder was primarily a newspaper publishing company, it had a long and checkered history of involvement in electronic media projects.
		Knight Newspapers was founded by John S. Knight, who inherited the Beacon Journal from his father in 1933.
		Ridder Publications was founded in 1892 when Herman Ridder acquired the German-language Staats-Zeitung in New York.
	www.mediaowners.com /company/knightridder.html (352 words)

	Knight Ridder CEO 'Stunned' By McClatchy Resale Plans - Forbes.com (Site not responding. Last check: 2007-10-18)
		Tony Ridder held an interview--an exit interview of sorts--with Mercury reporters, and the publishing-family scion said he was "stunned" by McClatchy's plans.
		He thought McClatchy was just such a safe pair of hands to deliver unto his legacy: Knight Newspapers in 1974 merged with his family's Ridder Publications, which had been founded in 1892.
		Ridder had sought a buyer who'd see a calling to "do great journalism and be active in the community." The CEO said he'd expected a buyer to sell off some of the newssheets, but only at the last minute did he fathom the fullness of McClatchy's plans.
	www.forbes.com /2006/03/14/knight-ridder-regret-cx_gl_0314autofacescan12.html (540 words)

	NPR : Possible Knight Ridder Sale Brings Unlikely Suitors
		Linda Foley, a former Knight Ridder reporter and the president of the Newspaper Guild of America, says big cuts have eroded the quality of the company’s papers.
		Knight Ridder's profit margin is a bit above 19 percent, according to a recent analysis by Morgan Stanley.
		Knight Ridder CEO Anthony Ridder has sought to stave off shareholder pressure with a decade-long effort to cut costs.
	www.npr.org /templates/story/story.php?storyId=5074829&ft=1&f=2 (984 words)

	Knight Ridder Exploring Sale (Site not responding. Last check: 2007-10-18)
		Knight Ridder (KRI:NYSE - commentary - research - Cramer's Take) is exploring strategic alternatives including a possible sale, the company said Monday.
		Knight Ridder is the second-largest newspaper operator behind Gannett (GCI:NYSE - commentary - research - Cramer's Take), which is sometimes mentioned as a possible suitor.
		Knight Ridder publishes 32 daily papers with a readership of 8.5 million a day.
	www.thestreet.com /_googlen/stocks/media/10252674.html?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA (146 words)

	Salon Technology \| Local explosion (Site not responding. Last check: 2007-10-18)
		Knight Ridder knows newspapers -- as one of the biggest newspaper conglomerates in the United States, it owns 31 newspapers in nearly as many major markets.
		Knight Ridder also knows the Net: Early on, the company launched Web sites for many of its print properties, experimenting with online content and paving the way for many newspapers to come.
		And finally, Knight Ridder hired Dan Finnigan, an industry veteran and expert in newspaper-Net convergence strategies, as the new president of Knight Ridder New Media.
	www.salon.com /tech/view/1999/10/25/dan_finnigan/index.html (1320 words)

	Poynter Online - Knight Ridder Scenarios: A Reader's Guide
		In this paper, stock analyst Doug Arthur makes a detailed case that Knight Ridder is an attractive acquisition target under “numerous scenarios.” For Arthur there is a here’s-where-I’m-coming-from flavor since he is one of very few who has a buy recommendation on Knight Ridder shares, even now after their 20 percent rise on takeover speculation.
		The most important are Knight Ridder’s successful and fast-growing digital operations, its one-third share in the Career Builder electronic recruitment franchise, and a 49 percent stake in the Seattle Times.
		Knight Ridder will be absent during the Media Week conferences for investors and analysts that begin Monday, December 5 in New York.
	www.poynter.org /content/content_view.asp?id=93071 (719 words)

	Knight Ridder Alumni
		We ask because Knight Ridder has invited nominations of directors and it is unclear on the public record if that means all 10 current directors would be subject to a new election.
		An investor who instead demands the sale or dismantling of Knight Ridder merely in the name of a larger profit margin is engaged not in good business but in greed.
		Stephen Seplow, former news editor of Knight Ridder's Washington Bureau and former metropolitan editor of the The Philadelphia Inquirer.
	kralums.blogspot.com (3654 words)

	Knight Ridder meets with possible bidders - The Boston Globe
		Knight Ridder spokesman Polk Laffoon had no comment on MediaNews or Texas Pacific.
		Once Knight Ridder has made presentations to all potential buyers, final bids will be submitted.
		Knight Ridder said in November that it would consider ''strategic options," including possible sale after its largest shareholders expressed disappointment in the company's stock performance.
	www.boston.com /business/articles/2006/01/20/knight_ridder_meets_with_possible_bidders?mode=PF (414 words)

	Knight Fellowships: 2006 Knight Lecture: Clark Hoyt
		Clark Hoyt, the Washington, D.C. Bureau chief for the Knight Ridder newspaper chain, painted a dim picture of the state of American journalism during his talk last night, asserting that the mainstream media must be vigilant to remain relevant in the increasingly competitive industry of information.
		Hoyt said that Knight Ridder reporters have at times suffered for their assertiveness and independence in questioning the administration's claims.
		Knight, who won the Pulitzer Prize in 1968 for editorial writing during early opposition to the conflagration in Vietnam, helped build a newspaper empire and crusade for racial justice and equality.
	knight.stanford.edu /lectures/knight/2006/index.html (778 words)

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