McClatchy acquired Knight Ridder, the owner of the Miami Herald and lots of other papers, in 2006 however sold several of those papers.
Updated at 10: 12 a.m. ET
The long slide in the U.S. paper industry took another dramatic turn Thursday.
” McClatchy stays a strong operating business with a long-lasting dedication to independent journalism that spans five generations of my household,” stated Kevin McClatchy, the company’s chairman great-great grand son of its founder, James McClatchy.
McClatchy purchased the Knight Ridder paper chain— which included the Miami Herald, the San Jose Mercury News and The Philadelphia Inquirer, in 2006.
A big financier declared Wednesday that papers are “all dying,” Bloomberg reported
Charlie Munger, vice chairman of Warren Buffett’s Berkshire Hathaway, stated “technological change is destroying the everyday newspapers in America.