Northern Valley Beacon

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Monday, November 14, 2005


Owner of Aberdeen American News is looking for a buyer for its chain

Knight Ridder Inc., publisher of the Aberdeen American News, the Grand Forks Herald, St. Paul Pioneer Press, the Duluth News-Tribune and a total of 32 newspapers in the U.S. , said this morning it will consider a sale of the company after its biggest shareholders demanded executives stem a 20 percent drop in the stock.

The newspaper business in general has seen declines in circulation and advertising revenue. Stock analysts say, however, the poor performance of newspaper stocks do not offer much attraction for potential buyers.

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