Report: McClatchy Buying Knight Ridder

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WanderAimlessly

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More sifns that newspaper are loosing relevance:
Report: McClatchy Buying Knight Ridder
By SETH SUTEL, AP Business Writer Sun Mar 12, 10:57 PM ET
NEW YORK - Newspaper publishing company McClatchy Co. will buy Knight Ridder Inc., the second-largest newspaper company in the country, for about $4.5 billion in cash and stock, The New York Times reported Sunday night. Knight Ridder had been forced to put itself up for sale by its largest shareholders, who were frustrated with its stock performance.
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