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Knight Ridder earnings rise

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New York--Knight Ridder Inc., the second-largest U.S. newspaper company, said Monday that its third-quarter earnings rose slightly as advertising revenue showed its slimmest decline in nearly two years. Knight Ridder, whose papers include the San Jose Mercury News, The Miami Herald and The Philadelphia Inquirer, said profits rose to $56.5 million, or 67 cents per share, compared with $55.7 million (65 cents a share) a year earlier. Excluding a one-time charge, Knight Ridder earned 81 cents a share in the quarter.
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