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STEVE INSKEEP, host:
This is MORNING EDITION from NPR News. Im Steve Inskeep.
RENEE MONTAGNE, host:
And Im Renee Montagne. The nations second largest newspaper company, KnightRidder, is being sold to rival publisher. The McClatchey Company announcedtoday it will pay about four and half billion dollars in cash and stock.McClatchey will also assume about two billion dollars in Knight Ridder debt,and intends to sell some of the newspapers its just acquired. NPRs mediacorrespondent, David Folkenflik, has been covering this story, and he joins menow.
And David, lets get behind the numbers in the deal. How did it get to thispoint?
DAVID FOLKENFLIK reporting:
Well, Knight Ridder is one of the most storied media companies in the country.Its owned some of the most prestigious and proud regional newspapers around:the Miami Herald, the Philadelphia Enquirer, the San Jose Mercury News. Theseare papers that have a reputation for brash, hard-hitting journalism,interesting story telling--they set the standard, in many ways. But theyvebeen...