As Knight Ridder prepares its $4.5 billion sale to The McClatchy Co., BusinessWeek's Steve Rosenbush analyzes the impact of the Web on old media companies like Knight Ridder. "The newspaper business faces life-altering changes, but it can survive them," he writes. "People still want and need news. But before that can happen, newspapers will have to think of online operations as more than just ancillary services."

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