Pete Carey of the Mercury News says that Knight Ridder is preparing a commemorative video and booklet for each of its 18,000 employees before the company closes on June 27. Each Knight Ridder paper will carry a farewell message from chairman and CEO Tony Ridder (pictured). In addition, staff at KR’s San Jose headquarters will have a “community service day” sprucing up a YWCA child care center. “The company says it wants to go out celebrating its values and history, rather than vanishing in silence as some news groups have done following a merger or breakup,” Carey’s story says.

SF Press Club News

One Comment

  1. KR sold the entire company for a multiple of 9.5. McClatchy has sold 11 of the 12 lower-performing KR newspapers for a multiple of 11.1 and gets to keep the more profitable papers. What’s wrong with this picture?

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Your email address will not be published.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>