Knight-Ridder Inc.: The communications company said improvements...
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Knight-Ridder Inc.: The communications company said improvements at its Miami Herald newspaper and lower newsprint prices helped boost 1989 net income to $247.2 million, up 58% from 1988. Revenue rose 9% to $2.3 billion. Results for 1989 included gains of $66.9 million on the sale of eight television stations and $48.6 million on the sale of the Pasadena Star News. The Miami-based firm also said it benefitted from the November approval of a joint operating agreement between its Detroit Free Press and rival Detroit News.
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