Frederick Searby Quotations

The bottom line on Knight Ridder papers is that in order to make these deals work, someone has to get extremely aggressive with costs. There's no question that this means that any buyer has to go in with a very, very sharp knife and trim the fat and maybe into the muscles to get this to work.

It will be very negative. Given the easy money out there, if these kind of prime assets can't get taken, it will rattle a lot of investors and depress sentiment.

Industry numbers have been somewhat disappointing. It's going to be a very tough year again.

Both of these names remain less exposed to some of the adverse trends within the industry.