>>>>>McClatchys $4.5 billion purchase in 2006 of Knight Ridder,<<<<<<<<
Hard to believe the McClatchy family signed-on to that idiotic decision.
Hey, New York Times Corporation is now worth less than what they bought the Boston Globe for.
But the Ridder family got out just in the nick of time. As did the Pulitzer family.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/03/14/BUGEJHNF9F1.DTL
Ridder to get millions in sale
Newspaper chain execs will profit in McClatchy deal
http://www.forbes.com/2005/01/31/0131autofacescan02.html
Pulitzer: Dynasty Closes A Chapter In Newspaper Publishing
And the Chandler clan.
http://articles.latimes.com/2007/dec/21/business/fi-zell21
Zell closes deal for The Times