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Knight Ridder bid updated
If you’re following the ‘dating’ life of Knight Ridder newspaper, this article will give you and update on who’s interested to buy the chain.
A financial buyer, such as the new consortium, would take on a heavy debt load and likely cut jobs, install new management and sell off noncore and struggling assets to improve the bottom line. Given its low debt load and depressed stock price, Knight Ridder could be an ideal candidate for a leveraged buyout.
It’s probably too early to start predicting the implications to cartoonist that work for or appear in a Knight Ridder paper.
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