Houghton was the last 'independent' educational publisher left. To get into the school market, Houghton was the last one. |
I would not be surprised if a private equity group ended up buying Knight Ridder, and then took their time and sold off the assets to strategic buyers. |
It's an orderly transition, I think. Jordan is taking a less visible role and the broadcast guys are assuming positions of power. |
The probability is going up that there's going to be some kind of transaction involving Knight Ridder. |
The real problem is structural: retail consolidation, difficulties in the classified auto space and competition from other media. |
This Cantor Fitzgerald issue is a serious hurdle. Without that [quote service], Dow Jones [Markets] doesn't have much of a franchise. It's a key asset. |
Ultimately, the fragmentation is going to make it tougher for them [broadcasters] to hold on to their share. |
You're not going to see a (buying and selling) frenzy. For the time being it should ... give investors some comfort there is some value out there. |