Knight Ridder Hires Second Investment Bank to Explore Possible Sale

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By: E&P Staff Knight Ridder Inc. has hired Morgan Stanley to help advise it as it explores strategic alternatives, including the possible sale of the company.

Morgan Stanley will provide a second opinion to Goldman Sachs, financial adviser to Knight Ridder since its creation in 1974.

Knight Ridder spokesman Polk Laffoon announced Monday that Morgan Stanley had been hired just over a week ago.

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