Too late...McClatchy already bought Knight-Ridder. (2 weeks ago).
Oops...forgot link:
http://www.chicagotribune.com/news/nationworld/chi-0603130203mar13,1,217240.story?coll=chi-newsnationworld-hed
Also here too in the WaPo: http://www.washingtonpost.com/wp-dyn/content/article/2006/03/13/AR2006031300321.html