As we've discussed here previously, The Olympian was just acquired by Knight-Ridder News a few months ago. K-R shareholders are not happy about the way that the stock is performing, so they've put the newspaper chain up for sale. There are two bidders so far. From The Olympian:

SAN JOSE, Calif. — With McClatchy touted as the front-runner in the sale of Knight Ridder, sources familiar with the bidding process said a decision could be announced Monday.

Knight Ridder’s board is meeting Sunday in New York to discuss bids from McClatchy, the Sacramento, Calif.-based owner of the Sacramento Bee and 11 other dailies; and a consortium of private equity companies.

Knight Ridder, which owns The Olympian and is the nation’s second-largest newspaper company, offered itself up for sale last year under pressure from its three largest shareholders, who were unhappy with its stock performance.

The following is an excerpt from "To The Point" from KCRW in Santa Monica. It is an interview with Phillip Meyer, the former director of news and circulation research at K-R.

Let's hope that McClatchy pulls this one out. ("A community-based information system." Hmmmm. Sounds like Olyblog!)