When News Is News
Who knew? News is hot. Like the old days when most blogs were about blogging, it seems most of the industry news of late is about news.
– Knight Ridder continues to draw attention after dissident shareholders demanded the sale of the company, but apparently nothing in the price range the dissidents are looking for. A trio of private equity firms (Blackstone Group, Providence Equity Partners, and Kohlberg Kravis Roberts) is one suitor, and rival newspaper chain McClatchy is another. As Outsell affiliate analyst Ken Doctor notes, KR is unlikely to emerge from this without either deep cuts or splitting up.
– The newspaper industry continues to shed content creators, with at least 1,900 jobs lost so far this year. That