• LA Times, Tuesday, November 8, 2005 12 PM

The Los Angeles Times--itself in the middle of ongoing and unpleasant discussions with its owner, Tribune Media--says in this morning's edition that the troubles at newspaper giant Knight Ridder illustrate "a larger predicament for newspaper executives, who are under pressure to improve their product at the same time that they are being urged to cut expenses to increase profits." Pointing to several possible buyers of Knight--another media company, such as Gannett, or an equity player, such as Blackstone Communications Partners--the L.A. paper says any new owner would have to contend with the rise of the Internet's power. Sites that provide advertising free of charge (think craigslist, which has had a real impact on many local papers) and which offer reporting and opinion all day through are making it extremely difficult for newspapers to compete.

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