Knight Ridder's sale sends fallout through newspaper industry
SAN JOSE, Calif. -- Shareholders of Knight Ridder will gather Monday at a downtown San Jose hotel where they are expected to vote in favor of selling the once-mighty newspaper company to Sacramento- based McClatchy for $4.1 billion. They will meet only a few hundred feet from the company's head...
Saved in:
Published in | Knight Ridder Tribune News Service p. 1 |
---|---|
Main Author | |
Format | Newsletter |
Language | English |
Published |
Washington
Tribune Content Agency LLC
24.06.2006
|
Online Access | Get full text |
Cover
Loading…
Abstract | SAN JOSE, Calif. -- Shareholders of Knight Ridder will gather Monday at a downtown San Jose hotel where they are expected to vote in favor of selling the once-mighty newspaper company to Sacramento- based McClatchy for $4.1 billion. They will meet only a few hundred feet from the company's headquarters where the remaining Knight Ridder corporate employees have been packing up their personal files and photos. The vote to dismantle Knight Ridder will result in McClatchy absorbing 20 of Knight Ridder's 32 newspapers. McClatchy plans to sell the other 12, including the Mercury News and Contra Costa Times, to Denver-based MediaNews Group and other companies. The deal, which includes McClatchy assuming $2 billion in Knight Ridder debt, must be approved by 80 percent of shareholders. McClatchy still has to sign a consent decree promising to sell the St. Paul Pioneer Press -- for which it already has a buyer -- to satisfy anti-trust regulators requirements at the U.S. Department of Justice. Knight Ridder and McClatchy are confident they will get both in time to file the final merger documents on Tuesday at 4 p.m. |
---|---|
AbstractList | SAN JOSE, Calif. -- Shareholders of Knight Ridder will gather Monday at a downtown San Jose hotel where they are expected to vote in favor of selling the once-mighty newspaper company to Sacramento- based McClatchy for $4.1 billion. They will meet only a few hundred feet from the company's headquarters where the remaining Knight Ridder corporate employees have been packing up their personal files and photos. The vote to dismantle Knight Ridder will result in McClatchy absorbing 20 of Knight Ridder's 32 newspapers. McClatchy plans to sell the other 12, including the Mercury News and Contra Costa Times, to Denver-based MediaNews Group and other companies. The deal, which includes McClatchy assuming $2 billion in Knight Ridder debt, must be approved by 80 percent of shareholders. McClatchy still has to sign a consent decree promising to sell the St. Paul Pioneer Press -- for which it already has a buyer -- to satisfy anti-trust regulators requirements at the U.S. Department of Justice. Knight Ridder and McClatchy are confident they will get both in time to file the final merger documents on Tuesday at 4 p.m. |
Author | Chris O'Brien and Pete Carey |
Author_xml | – sequence: 1 fullname: Chris O'Brien and Pete Carey |
BookMark | eNqNyrEKwjAQANAMClr1Hw4cnIRYW0kHJ1EEN3EvgVybSLjUXELx73XwA5ze8goxoUA4EwXzU8qylmo3F8cbud4muDtjMG4YWHsERjIMnfY-5ATJxpB7C4QjD3rACI5M5hTfSzH9JsbVz4VYX86P03U7xPDKyKkdXcQO0XBb1YdGVaqR-__WByKLOAI |
ContentType | Newsletter |
Copyright | (c) 2006, San Jose Mercury News (San Jose, Calif.). Distributed byKnight Ridder/Tribune Information Services. |
Copyright_xml | – notice: (c) 2006, San Jose Mercury News (San Jose, Calif.). Distributed byKnight Ridder/Tribune Information Services. |
DBID | 0TT 0U~ 7XB 7XH AAFGM ABUWG ABWIB ADZZV AFKRA AFOLM AGAJT AIEDA AZQEC BEC BENPR CLPLZ DWQXO EUPAP EVNAE EVWYX FBPOE FJOQK FJZMF FKKPI GNUQQ KB~ PQCXX PQEST PQQKQ PQUKI Q9U S0X |
DatabaseName | News PRO Global News & ABI/Inform Professional ProQuest Central (purchase pre-March 2016) ProQuest Newsstand ProQuest Central Korea - hybrid linking ProQuest Central (Alumni) eLibrary - hybrid linking ProQuest Central (Alumni) - hybrid linking ProQuest Central UK/Ireland ProQuest Central Student - hybrid linking ProQuest Central Essentials - hybrid linking U.S. Northeast Newsstream (Alumni) ProQuest Central Essentials eLibrary ProQuest Central ProQuest Global Newsstream ProQuest Central U.S. Midwest Newsstream ProQuest - U.S. Newsstream U.S. North Central Newsstream U.S. Northeast Newsstream U.S. South Central Newsstream U.S. Southeast Newsstream U.S. West Newsstream ProQuest Central Student ProQuest Newsstand Professional ProQuest Central - hybrid linking ProQuest One Academic Eastern Edition (DO NOT USE) ProQuest One Academic ProQuest One Academic UKI Edition ProQuest Central Basic SIRS Editorial |
DatabaseTitle | US Southeast Newsstream US South Central Newsstream US North Central Newsstream ProQuest Central Student ProQuest Central Basic News PRO ProQuest Central Essentials SIRS Editorial ProQuest One Academic Eastern Edition elibrary ProQuest Newsstand ProQuest Central (Alumni Edition) US Midwest Newsstream US Newsstream US West Newsstream ProQuest Central Global News & ABI/Inform Professional ProQuest One Academic UKI Edition US Northeast Newsstream (Alumni) ProQuest Central Korea Global Newsstream ProQuest One Academic ProQuest Newsstand Professional US Northeast Newsstream |
DatabaseTitleList | US Southeast Newsstream |
Database_xml | – sequence: 1 dbid: BENPR name: ProQuest Central url: https://www.proquest.com/central sourceTypes: Aggregation Database |
DeliveryMethod | fulltext_linktorsrc |
ExternalDocumentID | 1065833181 |
Genre | News |
GroupedDBID | 0TT 0U~ 29L 7XB 7XH ABUWG ACBMB AFKRA AIEDA AZQEC BCR BEC BENPR BLC CLPLZ DWQXO EUPAP EVNAE EVWYX FBPOE FJOQK FJZMF FKKPI GNUQQ KB~ LXL LXN PQEST PQQKQ PQUKI Q9U S0X ZRQ |
ID | FETCH-proquest_wirefeeds_4569848903 |
IEDL.DBID | BENPR |
IngestDate | Sat Oct 05 23:30:59 EDT 2024 |
IsPeerReviewed | false |
IsScholarly | false |
Language | English |
LinkModel | DirectLink |
MergedId | FETCHMERGED-proquest_wirefeeds_4569848903 |
PQID | 456984890 |
PQPubID | 38705 |
ParticipantIDs | proquest_wirefeeds_456984890 |
PublicationCentury | 2000 |
PublicationDate | 20060624 |
PublicationDateYYYYMMDD | 2006-06-24 |
PublicationDate_xml | – month: 06 year: 2006 text: 20060624 day: 24 |
PublicationDecade | 2000 |
PublicationPlace | Washington |
PublicationPlace_xml | – name: Washington |
PublicationTitle | Knight Ridder Tribune News Service |
PublicationYear | 2006 |
Publisher | Tribune Content Agency LLC |
Publisher_xml | – name: Tribune Content Agency LLC |
SSID | ssj0025081 |
Score | 2.652814 |
Snippet | SAN JOSE, Calif. -- Shareholders of Knight Ridder will gather Monday at a downtown San Jose hotel where they are expected to vote in favor of selling the... |
SourceID | proquest |
SourceType | Aggregation Database |
StartPage | 1 |
Title | Knight Ridder's sale sends fallout through newspaper industry |
URI | https://search.proquest.com/docview/456984890 |
hasFullText | 1 |
inHoldings | 1 |
isFullTextHit | |
isPrint | |
link | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwY2BQMTUws0wzSDPQtTBNMtAFtcl1gWWeAZAwtADNpJmngAfcfP3MPEJNvCJMI5B28UPjF1YsgsvqlPxk0DC5PrCut7QwsbA0sC8o1AXdGwWaX4VeosHMwGoEbOwD0zirk6tfQBC80wVsgBhilLPgysNNkIELVJLkgPfNCDEwpeaJMNhCDvBQgBzgoV6sUAwspxVAo7zFCmmgqfDSEgXoDToKoHZvQWJBapFCJuSajUpRBmU31xBnD12YdfGgA4fTgPVQcTzc9cZiDCzArn2qBINCooVJkrFRqomRkWWySWKSWWKSObABZZgKOqvTJNksUZJBBp9JUvilpRm4IAMGZrpGJjIMLCVFpamywCq0JEkOGkoAVpl6iQ |
link.rule.ids | 786,790,21496,33779,43838 |
linkProvider | ProQuest |
linkToHtml | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwY2BQMTUws0wzSDPQtTBNMtAFtcl1gWWeAZAwtADNpJmngAfcfP3MPEJNvCJMI6Brc4qhyyphZSK4oE7JTwaNkesDK3pLCxMLSwP7gkJd0KVRoMlV6A0azAysoBM3LVgYWJ1c_QKC4D0uYOvDEKOQBdccboIMXKBiJAe8aUaIgSk1T4TBFnJ6hwLk9A71YoViYCGtABriLVZIA82Dl5YoQK_PUQA1egsSC1KLFDIhd2xUijIou7mGOHvowqyLB502nAashIrj4a43FmNgAfbrUyUYFBItTJKMjVJNjIwsk00Sk8wSk8yBrSfDVNBBnSbJZomSDDL4TJLCLy3PwOkR4usT7-Pp5y3NwAUZOTDTNTKRYWApKSpNlQXWpSVJctAQAwB38nxj |
openUrl | ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Knight+Ridder%27s+sale+sends+fallout+through+newspaper+industry&rft.jtitle=Knight+Ridder+Tribune+News+Service&rft.au=Chris+O%27Brien+and+Pete+Carey&rft.date=2006-06-24&rft.pub=Tribune+Content+Agency+LLC&rft.spage=1&rft.externalDocID=1065833181 |