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Submitted by Rick on Tue, 01/31/2006 - 6:46am.

The Knight-Ridder Company

From MarketWatch.com

CHICAGO (MarketWatch) -- Knight Ridder said Tuesday that its fourth-quarter profit declined 22% from a year earlier on the absence of newspapers in Detroit and Tallahassee, Fla.
San Jose, Calif.-based Knight Ridder, the second-largest U.S. newspaper publisher said its net income was $83.3 million, or $1.24 a share, compared to $107.2 million, or $1.38 a share, in the same quarter last year.
Last year, Knight Ridder sold its interest in the Detroit Free Press to Gannett Co. and MediaNews Group. It also swapped the Tallahassee Democrat and an undisclosed cash amount in exchange for three Gannett papers, The (Boise) Idaho Statesman, The (Olympia, Wash.) Olympian and The Bellingham (Wash.) Herald.

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