NY TIMES, KNIGHT RIDDER TEAM ON PURCHASING

Posted Thursday, April 13, 2000 12:00 am

By: Staff reports Consortium To Seek Best Suppliers, Lower Costs

Two newspaper giants, Knight Ridder and The New York Times Co., announced today the
creation of a purchasing consortium that will pool their buying power for supplies
such as computers, production materials, various consumables, and professional
services.

KR/NYT Enterprises LLC will help both companies maximize capital and achieve
significant long-term savings, says John O'Brien, senior vice president and chief
financial officer for the Times Co.

Knight Ridder publishes 31 daily newspapers. The Times Co. publishes 24 newspapers.

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Staff reports

(c) Copyright 2000, Editor & Publisher

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NY TIMES, KNIGHT RIDDER TEAM ON PURCHASING

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