Knight Ridder Online Revenue Soars

  • April 18, 2006
Online revenue at Knight Ridder Digital totaled $51.1 million in the first quarter, up 36.5 percent from last year, the company said Monday. But, overall, profits at Knight Ridder--which recently agreed to be acquired by The McClatchy Company--plummeted to $28.4 million, or 42 cents a share, from $60.5 million, or 79 cents a share, last year; costs connected with Knight Ridder's efforts to find a buyer accounted for some of the drop. Total Knight Ridder ad revenue for the quarter came to $582.6 million, up from $558 million last year. -- Wendy Davis
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