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McClatchy Unloads Five More Papers

Published on June 08, 2006
The McClatchy Company agreed to sell five newspapers to several buyers for more than $450 million yesterday, according to the New York Times. McClatchy purchased 32 newspapers from Knight Ridder in March, planning to sell 12 of them; Media News acquired four of the 12, while a group of Philadelphia investors acquired the Philadelphia Inquirer and the Philadelphia Daily News.