MediaNews Group undecided on Knight Ridder bid

[NVMojo]

PHILADELPHIA -- W. Dean Singleton's MediaNews Group Inc. still hadn't decided as of late Monday whether it would bid for 12 Knight Ridder newspapers by Tuesday's deadline.

"It's a very fluid situation. We're trying to get updated numbers," Joseph "Jody" Lodovic, president of Denver-based MediaNews, said Monday evening. "Until 5 o'clock when we press the button, we're still not decided where we're headed."

If MediaNews does bid, it's not expecting to get an immediate final answer from McClatchy Co., which this month agreed to buy Knight Ridder, owner of 32 daily newspapers. "I'm sure it will take weeks to iron out the details and the issues," Lodovic said. '

MediaNews is one of a small group of companies with a clear shot at the 12 papers McClatchy wants to sell after buying Knight Ridder in a deal scheduled to close this summer. The Philadelphia Inquirer, Philadelphia Daily News and San Jose Mercury News are among the papers being put up for sale.

more...

http://www.chicagotribune.com/business/chi-0603280112mar28,1,2557891.story?coll=chi-business-hed

[truthisfreedom]

1. one of papers they're dumping is the St. Paul Pioneer-Press, a notoriously

right-wing noisebox of little value to our community, imho.

then again, if it could be pared down and turned Liberal to reflect Minnesota's real values, i'd be all for it.