client login
Username
Remember Me
Forgot Password
Password
CATEGORIES
 
Local Media Blog [ 905 ]  RSS ATOM


Blog Home

Contact Kelsey

Bookmark this page



SEARCH
 


previous month  MARCH 2006  next month
s m t w t f s
4
18
19
23
24 25
26 27 28 29 30 31


BLOG ARCHIVE
 
RSS ATOM  Full archive
 
current month



RECENT ENTRIES
 
 
RSS ATOM


BLOGGERS
 
admin [ 0 ]  RSS ATOM
Carlotta Mast [ 0 ]  RSS ATOM
Greg Sterling [ 745 ]  RSS ATOM
John Kelsey [ 52 ]  RSS ATOM
Matt Booth [ 0 ]  RSS ATOM
Mike Boland [ 80 ]  RSS ATOM
Neal Polachek [ 27 ]  RSS ATOM


COUNTER
 
Visitors    355734
Online users 57
 



Mar 12 2006
Printable version  |  Email to a friend
Knight Ridder Goes to McClatchy
After much handwringing and anticipation, The N.Y. Times (reg. req'd) is reporting that "Knight Ridder, the second-largest newspaper company in the United States, agreed Sunday night to sell itself for about $4.5 billion in cash and stock to the McClatchy Company ... Under the terms of the deal, McClatchy agreed to pay about $67 a share in cash and stock for Knight Ridder, these people said. About 60 percent of the payment will be in cash, while the rest will be in McClatchy shares."

A much smaller entity, McClatchy gets some new Internet assets (i.e., Topix.net and ShopLocal) -- both McClatchy and Knight Riddder are part of Classified Ventures � and Knight Ridder stays with newspaper owners. Had private equity bought it I shudder to think what might have happened � slash and burn. (I may have spoken too soon as McClatchy plans to sell the Knight Ridder "flagships.")

McClatchy's Sacramento Bee (its flagship) has been experimenting with a directory collaboration at Sacramento.com (powered by PremierGuide). While newspaper-directory alliances aren't really viable except in isolated pockets, and Sacramento.com isn't perfect (and it's not the SacBee site), it's much closer to what I believe the newspapers should be doing to compete in local search than what most of them currently are.

It will be interesting to watch the Internet strategy evolve as McClatchy takes the helm of Knight Ridder. (The San Jose Mercury News folks clearly are diappointed by the plans to sell it and other CA newspapers.)

___________

Related: The Newspaper Assn. America reported that Q4 print ad spending was flat, while online ad spending at newspaper sites was strong. According to the NAA, "spending for print ads in newspapers totaled $13.7 billion, up 0.4 percent versus the same period a year earlier, while ad spending online continued its double-digit growth in the fourth quarter, increasing by 32.5 percent from the same period a year ago to $552 million."

Here's the release, which breaks out spending by category.




 
Local Media Blog
posted by  Greg Sterling at  23:06 | comments [0] | trackbacks [0]


BLOG COMMENT


ADD COMMENT
(*) indicates required fields
author (*) :
email address :
url :
 
  bold italic underline add hyperlink add email hyperlink centre unorder list order list add image quote emoticon smiles
 
comment (*) :

html code

ubb code

max characters : 2000

+
- +
-
characters remaining :
remember me :
 
 
 



The Kelsey Group, 600 Executive Drive, Princeton, NJ 08540-1528
Tel: (609) 921-7200 Fax: (609) 921-2112 EMail: [email protected]
Copyright© 2005 The Kelsey Group. All Rights Reserved.