Romenesko

San Jose Mercury News
Money manager Bruce Sherman, who forced the sale of Knight Ridder, paid an average of $65 a share for his KR stock. The company was sold for $67.25 a share. "Even that modest victory is not assured because Sherman and other shareholders will be paid with a mix of cash and McClatchy stock, which has fallen 3.8 percent since the deal was announced," notes the Mercury News.
> Ridder: Sherman was poised to take control of 7 of 10 board seats (NYT)
> Soucheray: If I were McClatchy, I'd dump the Strib and keep PiPress (PP)
> Coleman is sorry his old paper, the PiPress, finds itself in limbo (Strib)
> Mercury News reader suggests Ridder buy the newspaper back (SJMN)
> McClatchy will hold on to newly acquired interest in Seattle Times (ST)
> CEO Pruitt may have second thoughts about stake in Seattle Times (SW)