Sacramento Bee
Dale Kasler calls the write-down "a stark symbol of McClatchy's souring fortunes since it bought Knight Ridder last year for $4 billion." The business reporter adds: "The write-down reflects the diminished value of McClatchy's assets, particularly the Knight Ridder newspapers, as revenue migrates to the Internet. It's also the result of the decline in McClatchy's stock price." || Read McClatchy's
release.
