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Knight Ridder urged to sell itself

According to SmartMoney.com, Private Capital Management – Knight Ridder’s largest shareholder, has urged KR to put itself on the auction block.

In a letter to Knight Ridder’s board dated Tuesday, PCM Chief Executive Bruce Sherman said a sale should be pursued aggressively, “in light of limited revenue growth across the newspaper industry and the difficulties the company has faced in realizing the fair value” for its shareholders.

Knight Ridder is the 2nd largest newspaper publisher (by combined circulation) in the U.S.

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#1 The Daily Cartoonist » Blog Archive » Knight Ridder not likely to find buyer
November/3/2005
@ 10:01 am

[…] The Daily Cartoonist Covering the news of the newspaper cartoonist industry « Knight Ridder urged to sell itself Signe Wilkinson to receive local award » […]

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