The Mercury News reports that shareholders today have agreed to sell Knight Ridder to McClatchy Co. The votes were tallied this morning at the Fairmont Hotel in San Jose, next door to the soon-to-be-vacated KR headquarters. Eighty percent needed to vote for the sale and the number exceeds that percentage in preliminary tallies. The sale is scheduled to close at 4 p.m. Tuesday. [Reuters: Buyer for Wilkes-Barry Times Leader announced, last KR paper to be sold]

SF Press Club News

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