Back at Headquarters: Knight Ridder Employees Get Final Paycheck, Exit Building Today

Posted Tuesday, June 27, 2006 12:00 am

By: Jennifer Saba Knight Ridder executives are busy packing up their offices today after shareholders officially approved the McClatchy acquisition during an emotional annual meeting on Monday.

By about 4 p.m. Pacific Standard Time, the company will no longer exist, confirmed Polk Laffoon, Knight Ridder?s vice president of corporate relations.

Employees at Knight Ridder headquarters will get their final paycheck today as they move out of the building located in downtown San Jose. ?Everybody has to clear out,? Laffoon said.

Only Tony Ridder, chairman and CEO of Knight Ridder, and an administrative assistant will maintain an office in the building for another month.

The lease will be transferred to McClatchy. Calls to McClatchy were not returned this afternoon. McClatchy?s CEO Gary Pruitt said earlier that his company?s headquarters will remain in Sacramento.

During yesterday?s annual meeting shareholders elected three Knight Ridder board members for a three-year term, which was just a formality.

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Back at Headquarters: Knight Ridder Employees Get Final Paycheck, Exit Building Today

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