Knight Ridder's largest investor, Private Capital Management, has demanded that the San Jose, Calif.-based media company put itself up for sale.
Most analysts attribute the company's woes to an ongoing nationwide decline in newspaper readership. Across the country, average readership has declined 2.6% on weekdays and 3.1% on Sundays. Here's how local papers stack up:
|Newspaper||Daily Circulation||6-Month Change||Sunday Circulation||6-Month Change|
|South Florida Sun-Sentinel||227,294||-2.7||322,445||-4.0%|
|El Nuevo Herald||85,534||-3.0||99,882||No change|
|Source: Audit Bureau of Circulation For more information: accessabc.com/freereports.htm|