The latest news on a possible Knight-Ridder sale:
SAN JOSE, Calif. (AP) -- Knight Ridder Inc., the nation's second biggest newspaper company, said Monday its board is working with longtime financial adviser Goldman Sachs & Co. to explore its strategic alternatives including a possible sale of the company to boost its value for its shareholders.
The announcement comes as the publisher of The Philadelphia Inquirer and The Miami Herald and 30 other papers is under pressure from at least two big shareholders to put the company up for sale. ...
It's uncertain whether many bidders would emerge for Knight Ridder, given the dismal valuations of newspaper companies.
Another AP story on the proposed sale.
An article on KR up for sale.
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