Thursday, August 04, 2005

Knight Ridder, Gannett, MediaNews Strike Blockbuster Deal

Knight Ridder, Gannett, and MediaNews Group announced a series of transactions Wednesday resulting in the sale of Knight Ridder's newspaper interests in Detroit to Gannett and MediaNews Group, and the reorganization of the Detroit Newspaper Agency into the Detroit Newspaper Partnership, L.P. Knight Ridder and Gannett have also agreed to exchange newspapers in Florida, Washington, and Idaho.

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