Former publisher helping union-led newspaper buyout plan

PHILADELPHIA (AP) -- A retired publisher of both The Philadelphia Inquirer and Philadelphia Daily News is now a paid consultant for a union-led attempt to buy several newspapers -- some of which are drawing interest from companies tied to Colorado.

Bob Hall says a Los Angeles financier working with The Newspaper Guild hired him to represent the union, which includes journalists from newspapers and wire services.

The two Philadelphia papers and ten others nationwide are up for sale as part of the McClatchy Company's acquisition of Knight Ridder.

Denver-based MediaNews Group, and the Gannett Company based in Virginia, were considered possible buyers of Knight Ridder before the McClatchy deal.

Analysts say Gannett and/or MediaNews may now buy some of the McClatchy papers.

 
 
Date Posted: 22 March 2006 Last Modified: 22 March 2006