McClatchy Co. is buying Knight Ridder ; will they sell Topix?

The AP reports that The McClatchy Co. has reached a deal to buy Knight Ridder Inc for about $4.5 billion in cash and stock, the companies announced Monday. McClatchy will also assume about $2 billion in Knight Ridder’s debt and plans to sell 12 of Knight Ridder’s 32 newspapers, including The Philadelphia Inquirer, The Philadelphia Daily News and the San Jose Mercury News.
I’m wondering what will happen to the digital assets– ShopLocal, Topix and KRD corporate development–will they remain intact, be moved to Sacramento, or be broken apart?

Latest Comments

  1. Rich Skrenta says:

    Don’t forget that KR isn’t the sole owner of those digital assets (Tribune and Gannett are also owners). But McClatchy is a great company, working with them would actually be a big plus in our minds.
    Don’t worry about Topix, our success is more about our own execution rather than any external factors.

Latest Comments

Comments are closed.