I would not be surprised if a private equity group ended up buying Knight Ridder, and then took their time and sold off the assets to strategic buyers.
Ultimately, the fragmentation is going to make it tougher for them broadcasters to hold on to their share.
The real problem is structural retail consolidation, difficulties in the classified auto space and competition from other media.
You're not going to see a (buying and selling) frenzy. For the time being it should ... give investors some comfort there is some value out there.
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