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Burkle’s bid: $2.2 billion (!)

LA-based Ron Burkle’s bid for the twelve Knight Ridder newspapers for sale is reported to range as high as $2.2 billion, handily beating the valuations of many Wall Street analysts, and equaling about ten times the papers’ cumulative yearly cash flow. Decent money for a supposedly dead medium.

Mediabistro Course

Travel Writing

Travel WritingStarting September 23, learn how to turn your travel stories into published essays and articles! Taught by a former Vanity Fair staff writer, James Sturz will teach you how to report, interview, and find sources, discover story ideas and pitch them successfully, and understand what travel editors look for in a story. Register now!