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Bruce Sherman: A sale for Knight Ridder should be pursued aggressively,

November 02, 2005 | About:

"Knight Ridder's (KRI) largest shareholder, Florida money-management firm Private Capital Management, is urging the newspaper publisher to put itself on the block, citing the poor performance of its stock."

"In a letter to Knight Ridder's board dated Tuesday, PCM chief executive Bruce Sherman said a sale should be pursued aggressively, "in light of limited revenue growth across the newspaper industry and the difficulties the company has faced in realizing the fair value" for its shareholders."

http://www.usatoday.com/money/media/2005-11-01-knight-ridder-shareholder_x.htm


Rating: 4.0/5 (5 votes)

Comments

venky
Venky - 11 years ago    Report SPAM
I agree very strongly.
gurufocus
Gurufocus premium member - 11 years ago
Can you let us know your reasons?

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