Quotes by Reed Phillips

“Private-equity firms view Knight Ridder as a company in transition. There is a feeling that there is an opportunity to buy a business for less than its worth and then transform it over the next few years.”

“Usually, the traditional approach for private equity firms is to buy portions of a company and create value out of the assets. So itll be interesting to see how the consortium creates value. One way to do that is to sell parts of the business or go in a new direction.”

“Investors are waiting to see if [older] companies can transform and what the transformation will look like.”