Sunday, November 20, 2005

The Main Street Strategy for Selling Knight-Ridder

I have been preoccupied lately with the future of Knight Ridder, owner of the Miami Herald and 31 other daily newspapers. The investment houses that hold major blocks of KRI have been trying to drive up the value of their investment. Knight Ridder has been aggressive about cost-cutting for several years, and is far leaner than a decade ago, but is yielding to the Wall Street gang and looking for how to sell itself -- as a unit or in pieces. That's depressing to many in the company's newsrooms. But Jay Rosen, one of the really smart students of the industry, has a notion for how the company could be broken up in a good way. Check out his piece and see how you think it work in your town.

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