McClatchy Co. chief executive Gary Pruitt (pictured) said today his company is “on track” with its plans to close on its Knight Ridder transaction by July 1, according to MarketWatch reporter Chris Reiter. McClatchy plans to complete its purchase Knight Ridder and then, at the same time, sell 12 of KR’s 32 papers including the San Jose Mercury News and Contra Costa Times. Still no word on who might buy those papers from McClatchy.
Pruitt: Fate of Merc to be known by July 1
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