Exhibit 99.2

                         [LETTERHEAD OF KNIGHT RIDDER]

          NEWS RELEASE
                                                              KNIGHT RIDDER
                                                        50 WEST SAN FERNANDO ST.
                                                           SAN JOSE, CA 95113

          KNIGHT RIDDER ANNOUNCES EXPLORATION OF STRATEGIC ALTERNATIVES

     SAN JOSE, Nov. 14, 2005 - Knight Ridder (NYSE: KRI) announced today that
its Board of Directors has decided to explore strategic alternatives to enhance
shareholder value, including a possible sale of the company. The company is
working with Goldman, Sachs & Co., its long-time financial advisor, in this
process.

     In making the announcement, the company stated that there can be no
assurance that the exploration of strategic alternatives will result in any
transaction. The company does not intend to disclose developments with respect
to the exploration of strategic alternatives unless and until its Board of
Directors has approved a specific transaction.

     The Board of Directors has also amended the company's by-laws to
provide that shareholders may submit proposals for consideration at Knight
Ridder's 2006 Annual Meeting of Shareholders and/or submit nominations for
directors to be elected at Knight Ridder's 2006 Annual Meeting of Shareholders
by delivering written notice that complies with the requirements set forth in
the amended by-laws no earlier than 60 days nor later than 45 days prior to the
date of the 2006 Annual Meeting of Shareholders. The 2006 Annual Meeting of
Shareholders is currently scheduled for April 18, 2006, but may be postponed.
Any postponement of the Annual Meeting of Shareholders will be publicly
announced in advance of the notice period. A copy of the amended by-laws is
included in the Form 8-K filed with the Securities and Exchange Commission and
is available on Knight Ridder's Web site (http://www.knightridder.com).

     Knight Ridder is one of the nation's leading providers of news,
information and advertising, in print and online. The company publishes 32 daily
newspapers in 29 U.S. markets, with a readership of 8.5 million daily and 11.0
million Sunday. It has Web sites in all of its markets and a variety of
investments in Internet and technology companies. It publishes a growing
portfolio of targeted publications and maintains investments in two newsprint
companies. The company's Internet operation, Knight Ridder Digital, develops and
manages the company's online properties. It is the founder and operator of Real
Cities (www.RealCities.com), the largest national network of city and regional
Web sites in more than 110 U.S. markets. Knight Ridder and Knight Ridder Digital
are headquartered in San Jose, Calif.

     For more information, call Vice President/Corporate Relations Polk
Laffoon at 408-938-7838 (e-mail: PLAFFOON@KNIGHTRIDDER.COM), or
Director/Corporate Communications Lee Ann Schlatter at 408-938-7839 (e-mail:
LSCHLATTER@KNIGHTRIDDER.COM), or visit Knight Ridder's Web site at
www.knightridder.com.