Knight-Ridder is expected to announce this week who won the auction to buy the company. McClatchy (Sacramento Bee, Minneapolis Star-Tribune) was reportedly the high bidder, which is a bit of a surprise, since K-R is twice their size. Didn't take long to need an update for this. An hour after the original post, I read that it's a done deal -- the NYT says nice things about McClatchy.
The Ant Farm is fifty years old. They've sold twenty million of them, including one to little Bobby Houk, although my ants (dug up in the back yard) had very short life spans.
Food marketers are supposedly trying to target aging Boomers with, according to the subhead "smaller portions, placement, ads." Hmmm ... how about trying larger fonts on the label directions?
Myers department stores in Australia are being sold by Coles-Myer to a group including the Myers family, but primarily backrolled by Newbridge. Newbridge is owned by Texas Pacific, which owns Neiman-Marcus in the US and Debenhams in the UK.
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