Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

There may be reason to rejoice on KnightRidder sale. Latest word is.....

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU
 
blm Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:27 PM
Original message
There may be reason to rejoice on KnightRidder sale. Latest word is.....
Edited on Fri Mar-10-06 06:29 PM by blm
It's McClatchey. They were the best case scenario for us.
Printer Friendly | Permalink |  | Top
electropop Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:29 PM
Response to Original message
1. Elaborate please?
Who is McClatchey?
Printer Friendly | Permalink |  | Top
 
Garbo 2004 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:35 PM
Response to Reply #1
6. McClatchy newspaper chain.
Printer Friendly | Permalink |  | Top
 
electropop Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:41 PM
Response to Reply #6
12. Thanks all,
now I'm encouraged too!

A small victory in the battle for truth, justice, and the American Way.
Printer Friendly | Permalink |  | Top
 
blm Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:46 PM
Response to Reply #12
16. No kidding - we've been sweating this out for almost a year thinking
BushInc would win out on this. The heavy pressure from his shareholder pals was almost unbearable and meant to force the newsgroup into many ineffectual pieces.
Printer Friendly | Permalink |  | Top
 
KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-13-06 09:41 AM
Response to Reply #16
23. I'm glad for you, then.
:hug: If you felt the alternatives were worse and this means stability for you then I hope it works out.

I'm not fond of what they did to the "N&O" here in Raleigh. But, as I said in my post below...the other alternatives wouldn't have been better given that readership is down all over the country.

Printer Friendly | Permalink |  | Top
 
blm Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:35 PM
Response to Reply #1
7. Sorry - I expected newsies on this thread - McC is a fair news org
Edited on Fri Mar-10-06 06:42 PM by blm
who treats their workers with decency. Not overly corporate in its censorship like most news group - this is crucial since KR had the best investigative team covering the Bush administration these past 5 yrs.
Printer Friendly | Permalink |  | Top
 
Oeditpus Rex Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:37 PM
Response to Reply #1
8. McClatchy Enterprises
probably has the best reputation in the newspaper business for treating its employees well. Its papers also do some pretty good journalism; it isn't the type of chain to put the brakes on KR's investigative reporting.

McClatchy owns mostly small dailies, many in California's Central Valley. Its largest papers are the Sacramento Bee, the Minneapolis Star-Tribune and the Raleigh News and Observer.
Printer Friendly | Permalink |  | Top
 
wryter2000 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:30 PM
Response to Original message
2. I just found out I'm a KR columnist
I've been doing a gardening column for the Contra Costa Times. The check was from Knight Ridder.
Printer Friendly | Permalink |  | Top
 
FreedomAngel82 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:40 PM
Response to Reply #2
11. Sweet deal
:)
Printer Friendly | Permalink |  | Top
 
wryter2000 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:47 PM
Response to Reply #11
17. I'm loving it
It pays more than my fiction.
Printer Friendly | Permalink |  | Top
 
blm Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 07:02 PM
Response to Reply #17
18. You'll have to pm me a column.....
.
Printer Friendly | Permalink |  | Top
 
hholli11 Donating Member (199 posts) Send PM | Profile | Ignore Fri Mar-10-06 06:34 PM
Response to Original message
3. Who is McCatchey? and HEEEEEEEEY blm!!!
do you remember me from the bc forum? (aside: I truly hope this is you)
Printer Friendly | Permalink |  | Top
 
blm Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:37 PM
Response to Reply #3
9. I never stopped thinking about ya, sister....cuz I never stop working for
Edited on Fri Mar-10-06 06:38 PM by blm
the cause.


;)))))))


Still hoppin' hot and driving the menz crazy?
Printer Friendly | Permalink |  | Top
 
Pirate Smile Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:34 PM
Response to Original message
4. Why? I take it they aren't RW hacks or are they just the best of the bad
options?

Thanks for the info, blm. :)
Printer Friendly | Permalink |  | Top
 
blm Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:39 PM
Response to Reply #4
10. Thankfully NOT in BushInc's stranglehold.
/
Printer Friendly | Permalink |  | Top
 
BrotherBuzz Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:43 PM
Response to Reply #4
14. Yes, they lean right, but....
their flagship newspaper, The Sacramento Bee, hasn't been pulling many punches on their attacks on republican politicians lately. Pombo, Doolittle and Schwarzenegger are getting pummeled - and fairly.
Printer Friendly | Permalink |  | Top
 
seafan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:35 PM
Response to Original message
5. Reports: Knight Ridder mulling bids that top $4.7 billion
Reports: Knight Ridder mulling bids that top $4.7 billion

By SETH SUTEL
AP Business Writer
March 10, 2006

Knight Ridder is weighing bids of at least $4.7 billion, according to media reports, in an auction of its properties that also serves as a proxy on investors' outlook toward the newspaper industry.
Knight Ridder Inc., the nation's second-largest newspaper publisher, had kept a tight lid on the bidding process, and maintained that stance Thursday evening after its deadline for bids had passed.

Interested parties were known to include The McClatchy Co., publisher of The Star-Tribune in Minneapolis and other newspapers; industry leader Gannett Co. as well as MediaNews Group Inc., the privately held publisher of The Denver Post and dozens of other papers.

McClatchy reportedly offered about $4.8 billion in a binding cash-and-stock offer, The New York Times reported in Friday's editions, citing people familiar with the auction. The Wall Street Journal reported Thursday that McClatchy's offer was above $65 per share.
A consortium of private equity groups with Texas Pacific Group, Thomas H. Lee Partners, Hellman & Friedman, Bain Capital and Oak Hill Partners also submitted an all-cash bid of $4.7 billion, the Times reported. That group's bid was nonbinding.

At stake is the ownership of 32 newspapers nationwide, including the San Jose Mercury News, The Philadelphia Inquirer and The Miami Herald. Knight Ridder was forced to put itself up for sale last November by its largest shareholders, who were frustrated with the company's lagging share price.
Knight Ridder spokesman Polk Laffoon declined to comment on the bidding. McClatchy officials did not return calls for comment.

snip

http://www.heraldtribune.com/apps/pbcs.dll/article?AID=...


Printer Friendly | Permalink |  | Top
 
mom cat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:42 PM
Response to Original message
13. It could have been far worse. Yesterday they thought it would be Gannett.
Printer Friendly | Permalink |  | Top
 
pinto Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 06:43 PM
Response to Original message
15. Yeah. I think overall, they're most apt to stay out of the K-R
Washington Bureau and let the K-R papers have some editorial leeway. I get a local K-R paper here in a fairly conservative CA county, but it routinely runs the national investigative stuff and the military analysis from their lead military affairs writer(Galloway?sp?)
Printer Friendly | Permalink |  | Top
 
Triana Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-12-06 11:52 PM
Response to Original message
19. Well McClatchey owns N & O and it sucks....
...sorry folks but it does. You can guess why. Is there something else I'm missing here?
Printer Friendly | Permalink |  | Top
 
RagingInMiami Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-13-06 09:16 AM
Response to Reply #19
20. Gannett is much worse
Much worse.
Printer Friendly | Permalink |  | Top
 
KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-13-06 09:33 AM
Response to Reply #19
22. Yes....it went down hill right after McClatchy bought it. They don't have
enough reporters to report on local government issues and they wouldn't touch any story that could possibly hurt any of their advertisers. They take feeds from WaPo and NYT's and wire services. They rarely investigate anything and the paper lost it's community feel when McClatchey bought it.

Sure...anyone else could have been as bad...but many of us would have hoped some Liberal Consortium's could have pooled their money and made an attempt to SAVE Knight Ridder... Many reporters will lose their jobs and the local reporting will be absent.

Newspapers are in trouble anyway...but Knight Ridder did do some balanced reporting and dug into stories in ways others wouldn't touch.
Printer Friendly | Permalink |  | Top
 
blm Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-13-06 09:45 AM
Response to Reply #19
24. But the alternative was way worse and more loyal to BushInc.
McClatchy leans right of center but in the more traditional sense, not the fascist fundie style of today's media.

There is a much better chance of them leaving the DC investigative bureau alone to do their job, than with any other group in the running.
Printer Friendly | Permalink |  | Top
 
Beetwasher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-13-06 09:25 AM
Response to Original message
21. Whew! Thanks blm!
That's good to hear!! :thumbsup:

Don't know much about them, but I'll take your word for it!
Printer Friendly | Permalink |  | Top
 
Coexist Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-13-06 09:46 AM
Response to Original message
25. not familiar with them, but glad it is a good scenario
I was worried about this sale. KR is one of the most objective news sources left.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Sep 19th 2014, 05:22 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC