The Deal
Saturday, November 21, 
6:34 pm

Spin control

  Share     E-Mail    Discussion    Print Story

Knight Ridder is using its flagship papers to control some of the rumors surrounding its pending sale.

Both the San Jose Mercury News and Philadelphia Inquirer have taken serious issue with reports from CNBC and the Los Angeles Times, and to a lesser extent with a report from The Deal.

On Tuesday, CNBC reported that rival newspaper publisher Gannet had walked away from a deal with Knight Ridder on New Year’s Day. CNBC's report was followed the next day by an L.A. Times report about two Knight Ridder executives who were seeking financing for a management buyout. In addition, the Times reported in a seperate article that the Journalism Guild reportedly was partnering with newspaper publisher McClatchy to acquire select papers.

While Knight Ridder spokesman said the stories were false, the Mercury News report did not deny a story from The Deal listing three new private equity bidders. Their reporters, however, received no comments from the buyout shops.—Matthew Wurtzel

See story from the L.A. Times
See story from the San Jose Mercury News
See story from the Philadelphia Inquirer
See story from The Deal  

Continue reading below

Also on Dealscape





Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.