- Reuters, Tuesday, March 21, 2006 11:15 AM
What to do if you're an employee of a Knight Ridder newspaper that's been sold to the McClatchy Company and McClatchy has already announced that your paper is one of those it plans to dispose of?
You might try joining with other employees to purchase your paper. That's exactly what's happening at a number of properties that will soon be on the market--again. "Union representatives from
those papers on Monday released a statement that said workers had an 'unprecedented opportunity to have a direct voice' in [the] outcome of the sale by joining with buyout firm The Yucaipa
Companies to create an employee-owned company," reports Reuters. Yucaipa is a California-based company investment outfit owned by grocery-story magnate Ron Burkle. According to Reuters, the
papers' employees are not assured a clear shot at buying their papers, as outside investors may materialize in some of the affected markets.
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