Monday, March 13, 2006

 

A Good Mixed Bag

We're pleased that Knight Ridder chose McClatchy as the successful bidder, but dismayed that McClatchy has said it will put growth marketing ahead of community responsibility.

Give Tony Ridder credit. When his back was to the wall, he opted to turn his company over to another company with a reputation for quality journalism.

Knight Ridder alumni wish McClatchy well. We would be pleased to provide counsel, support and whatever assistance might be useful to McClatchy as it digests the news organizations to which we gave our careers and our passions.

We particularly would welcome an opportunity to encourage McClatchy to reexamine its intention to jettison 12 of the newspapers it is acquiring. We understand the need to sell St. Paul for antitrust reasons, but we think McClatchy would enhance its reputation by strengthening all of the other Knight Ridder organizations and would reap long lasting benefits by recognizing how vital they are to their communities.

We have confidence in a bright future for news companies that treat their audiences as well as they treat their investors.

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