Knight Ridder KRI

… California, as well as obligations stemming from the $2 billion in debt it assumed following its ill-timed 2006 acquisition of Knight - Ridder . This marks the first time McClatchy has ever cut its dividend, which has consistently rewarded McClatchy's shareholders …

… stock price over the past year, as well as a substantial debt load from the company's poorly timed 2006 acquisition of Knight - Ridder . We also think that McClatchy's board may be preparing to cut the company's dividend, as McClatchy struggles to maintain …

… 15% decline in advertising (85% of sales) and a 14% decline in circulation revenue (12% of sales). Excluding the Knight - Ridder acquisition, real estate classified advertising fell 31% for the quarter, while employment ad revenue declined 24 …

… cash flow. We also like the fact that McClatchy remains laser focused on reducing its debt pile from its acquisition of Knight Ridder ; to illustrate, the company paid down almost $100 million during the quarter and almost $700 million during the year …

… highlights. On a same-property basis (adjusting for the Knight Ridder acquisition and the subsequent sale of multiple newspapers ..... down 12%; about half came from synergies related to its Knight Ridder acquisition, with the remainder largely from head count …

… was up more than 190% due to last year's acquisition of Knight Ridder . On a same-property basis, though, revenue fell 5 ..... to make significant progress achieving synergies from its Knight Ridder acquisition. Cash expenses were down 6.3%, which helped …

… McClatchy plans to use a large portion of the cash inflow to pay down the large amount of debt it incurred when it acquired Knight Ridder earlier this year, which is a good use of the funds, in our opinion. We also think the deal makes some sense from a strategic …