NEW YORK (Reuters) - Newspaper publisher McClatchy Co. on Monday said it would buy larger rival Knight-Ridder Inc. for $4.5 billion in cash and stock, ending a search for a buyer that lasted more than four months and highlighted the troubles of the U.S. newspaper industry.
I hope this is good news for the hometown paper.
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Columbia SC The State
2 comments:
all i know is that mcclatchy is a great company to work for. from what i hear, the employees might enjoy the change.
it'll be interesting to see how it all shakes out. mcclatchy went from being a small operation to the second-largest media corp. behind gannett. they have the carolina coast and major markets inland on lock down now.
e+
That's good to hear.
I do know that KN has been doing some great reporting on Iraq and other international stories, I do hope that continues.
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