Knight-Ridder's earnings rise, but ad revenue continues to fall

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New York--Knight-Ridder Inc., publisher of the Miami Herald and the San Jose Mercury News, among its 32 daily newspapers, said Wednesday that its first-quarter earnings rose 27% because of one-time charges a year earlier. The company earned $51.8 million, or 60 cents a share, compared with $40.7 million, or 47 cents a share, in 2001. Advertising revenue fell to $520 million from $573 million.
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