Washington and Idaho just finished a major newspaper ownership transfer, one of the biggest in a generation. Is it about to see a new one?
The national backdrop is the decline in newspaper circulation, following a quarter-century of ever-tighter squeezing of profits out of newspapers. That is something the recent newspaper swap between Gannett Corporation and Knight-Ridder, which left the latter with the Boise Idaho Statesman, the Olympia Olympian and the Bellingham Herald, in addition to the 49% of the Seattle Times it already owned, did not address. But now Knight-Ridder's largest single shareholder is hitting it head on. (more…)