Julie MacIntosh of Reuters reports that Knight Ridder executives are issuing unexpectedly rosy financial projections during meetings with potential buyers — and that’s catching the would-be suitors off guard. “Sources said the process could be delayed if bidders feel they need to spend more time working with their own estimates before making their next round of offers,” MacIntosh wrote. Meanwhile, she reports Gannett has signed a confidentiality agreement and has formally entered the auction process.

SF Press Club News

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>