Knight Ridder Inc., the second-largest newspaper publisher in the country, expects to see national advertising pick up in the second half of the year after slumping in the spring, the company's chief executive said Tuesday.
CEO Tony Ridder, addressing an investor conference sponsored by the Newspaper Association of America, an industry group, said national advertising ``fell off in March'' and has not rebounded, although he said he is optimistic it will improve in the second half of the year.
Last week, Knight Ridder, parent of the Akron Beacon Journal and more than 30 other daily papers, told investors its second-quarter earnings would be flat with year-ago results because of charges and weak results at the company's Detroit operations.
[The Akron Beacon Journal, Wednesday, June 22, 2005, page D2, col. 2]
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