Wednesday, November 16, 2005

What's next for the Knight Ridder behemoth?

Will historians look back on the early 21st century as the demise of newspapers?

It's possible. Likely, even. Then again, newspapers survived the creation of radio and television before the Internet came along. But lately the newspaper "dinosaur" seems that much older and that much slower.

Knight Ridder, parent company of 32 newspapers including the San Jose Mercury News and the Miami Herald, is the latest victim. They may be selling the company.

Here's a quote from a Contra Costa Times piece. Knight Ridder owns the CCT, too.

"A sale to a private group is highly possible, because Knight Ridder is so huge," said Thomas Bolitho, president of National Media Associates, a newspaper brokerage. "But I'm a little leery about private equity firms. They are not newspaper people. They will be looking to boost performance, which often entails expense cuts and lower-quality papers. It could also mean job cuts."



At 12:25 AM, Anonymous Anonymous said...

C'mon now. What exactly does this mean: "But lately the newspaper "dinosaur" seems that much older and that much slower."

No hyperbole or fact-less statements about declining circulation, craigslist impact, revenue declines, reader abandonment, etc. without facts. And make the facts specific to Knight Ridder, please.


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