Strib parent McClatchy Buys Knight-Ridder
The New York Times is reporting tonight that the Sacramento-based McClatchy Company, which owns the Minneapolis Star Tribune and the Sacramento Bee, among others, has purchased the 32-paper Knight Ridder chain for $4.5 billion. Update: This morning McClatchy announced that it will sell 12 KR papers, including the PiPress. Questions still remain about what such an enormous purchase--Knight Ridder is twice the size of McClatchy--will do to the daily economics of the Strib and McClatchy's other current newspaper operations.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss City Pages' biggest stories.