Monday, March 13, 2006

Is one 'vote of confidence' enough for newspapers?

Just in case you haven't heard, the McClatchy Company announced its plan to purchase Knight Ridder -- the second-largest newspaper company in the country and a company twice as large as McClatchy -- for $4.5 billion.

McClatchy says it's A VOTE OF CONFIDENCE for the newspaper industry.

THIS REPORT puts McClatchy's purchase in context.

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