RE: NEW OWNER FOR THE S-T?

About the cross-ownership rules I don’t know, but our S-T correspondent is right about the cash flow: Knight Ridder’s is great. But Wall Street only cares about Wall Street, i.e., how the stock is doing. So the solution is obvious, and it wouldn’t surprise anyone: KR management using its cash flow leverage to buy out its disgruntled shareholders at a premium (which is what they want) and taking the company private. Considering what’s happened to the stock prices of the NYTimes, Washington Post, Gannett, and other newspaper companies in the last six months, that’s probably every executive’s dream.

Newsletter

Get a weekly recap in your inbox every Sunday of our best stories from the week plus a primer for the days ahead.

Find It

Search our directories for...

Restaurants

Restaurants

Bars

Bars

Events

Events

Attractions

Attractions

View All

View All

Comments

Comments are closed.