Knight Ridder Sold

Reports the NY Times:

Knight Ridder, the second-largest newspaper company in the United States, agreed last night to sell itself for about $4.5 billion in cash and stock to the McClatchy Company, a publisher half its size, according to people involved in the negotiations.

Knight Ridder [KR] owns The Daily News and The Philadelphia Inquirer. For some reason, the NY Times scooped both papers. There's nothing on Philly.com indicating a sale.

Correction
There was this story in the Inky on Sunday, but it was an announcement of a possible pending sale and the NY Times article stated that it was a done deal.