Knight Ridder Inc., which is seeking a buyer under pressure from its largest shareholders, reported a 22 percent decline in fourth-quarter earnings Tuesday from the same period a year ago, which included earnings from two newspapers the company no longer owns.
KRI earned $83.3 million, or $1.24 a share, in the three months ended Dec. 25, down from $107.2 million, or $1.38 a share, in the same period a year earlier.
The latest results came in two cents a share ahead of the expectations of analysts surveyed by Thomson Financial. The year-ago figures include 13 cents per share in earnings from newspapers in Tallahassee, Fla., and Detroit that Knight Ridder doesn't own any more.
There were reports in Business Week, Reuters, San Jose, ABC and others. Check your ticker for latest stock price.
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