Knight-Ridder launches investment venture group

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Knight-Ridder New Media announced Thursday it was forming Knight-Ridder Ventures. Peter Rip will be managing director of the new enterprise, which will manage venture capital investments in new media. Already Knight-Ridder New Media has invested in Netscape Communications and Individual Inc., which are now public; and PointCast Networks, GolfWeb and Zip2, which are private. Mr. Rip was formerly VP-general manager at search engine Infoseek.

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