By: E&P Staff Knight Ridder, which is set to expire on June 27, is producing a commemorative video and a booklet about the company, one of its papers about to be sold, the San Jose Mercury News, reports. A full-page farewell ad will run in all 32 of the company's papers. The booklet will be given to each of the company's 18,000 employees at the newspapers, which will be sold to the McClatchy Co., and then by McClatchy to a host of other companies.
The company will come to an end a day after its annual meeting on June 26 -- if shareholders approve the sale.
"Knight Ridder papers will carry a farewell message from Chairman and Chief Executive Officer Tony Ridder that has been prepared as a full-page, color ad. The size and placement is up to each paper.
"The company says it wants to go out celebrating its values and history, rather than vanishing in silence as some news groups have done following a merger or breakup," The Mercury-News relates.
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