KRF Prospectus Is Out (Warts and All); Bids Already In


As IMD was going to press late last week, the deadline for bids for Knight-Ridder Financial had arrived. Meanwhile, sources who have seen the sale prospectus for the vendor report that KRF's profits have been on a downward slide for some time, and last year only reached $3.3 million on revenues of $193.4 million. Plenty of other information emerged about the current state of the unit, according to those who have seen the offering document.

Sources who have seen the prospectus say that while KRF's

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