Under Pressure, Knight Ridder Explores Sale

[Judi Lynn]

Under Pressure, Knight Ridder Explores Sale

NEW YORK, Nov. 14, 2005
(AP) Newspaper publisher Knight Ridder Inc., under pressure from its largest shareholders, said Monday it would consider selling the company and other steps to boost shareholder value.

The San Jose, Calif.-based publisher of The Miami Herald, the San Jose Mercury News and 30 other newspapers said it would work with longtime financial adviser Goldman Sachs & Co. to explore a possible sale and other options.

Knight Ridder also said it had changed its by-laws to allow shareholders to submit proposals at its annual meeting, currently scheduled for next April, and also to nominate directors.

In a prepared statement, Knight Ridder said there was no assurance that there would be a transaction. The company also said it didn't intend to provide any updates on the process "unless and until" its board has approved a specific transaction.
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http://www.cbsnews.com/stories/2005/11/14/ap/business/mainD8DSAIE01.shtml

[The Sushi Bandit]

1. Can DU buy it??

wouldn't it be cool!