Free Historical Stock Data on Knight Ridder
Stock Symbol: KRI
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Business Description
Knight-Ridder, Inc. is a newspaper publisher, with products in print and online. The Company publishes 31 daily newspapers in 28 United States markets, with a readership of 8.7 million daily and 12.6 million on Sunday. It also has investments in Internet and newsprint mill companies. Its Internet operation, Knight Ridder Digital (KRD), develops and manages its online properties. It is the founder and operator of Real Cities (www.Realcities.com), one of the largest national networks of city and regional Websites in more than 105 markets in the United States. The Company reports two operating business segments, Newspaper and Online. The Newspaper segment represented 97.3% of total operating revenue. Advertising revenue within this segment represented 75.0% of total operating revenue. Retail, Classified and National advertising revenue represented 48.7%, 36.5% and 14.8%, respectively, of total advertising revenue. Circulation revenue accounted for 19.0% of total operating revenue.
Financial Information
Knight-Ridder is engaged in newspaper publishing, news and information services and graphics and photo services. KRI publishes 32 daily and For the 39 weeks ended 9/26/04, revenues rose 2% to $2.19 billion. Net income rose 11% to $219.1 million. Results reflect increased National revenues and a decrease in equityin losses of unconsolidated company.
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