Romenesko

San Jose Mercury News
Yucaipa Companies, allied with the Newspaper Guild in a bid for 12 Knight Ridder papers, has signed a confidentiality agreement with McClatchy. The agreement lets Yucaipa review KR financial data on the papers "as they come to market along with other interested parties" according to Guild president Linda Foley. Pete Carey writes: "The reference to papers 'as they come to market' suggests McClatchy may be selling the papers in groups or stages to different buyers, possibly believing it can obtain more money that way." (Warning: Audio ad on this Mercury News page.)