Knight Ridder Inc – ‘10-K’ for 12/27/98 – EX-18

As of:  Friday, 3/19/99   ·   For:  12/27/98   ·   Accession #:  1019056-99-151   ·   File #:  1-07553

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         67    321K 
 2: EX-10.A     Material Contract                                     20     57K 
 3: EX-10.B     Material Contract                                     30    106K 
 4: EX-10.C     Material Contract                                     10     29K 
 5: EX-10.D     Material Contract                                      1     10K 
 6: EX-11       Computation of Per Share Earnings                      1      7K 
 7: EX-12       Computation of Ratios                                  2±    10K 
 8: EX-18       Letter re: Change in Accounting Principles             1      8K 
 9: EX-21       Subsidiaries of the Registrant                         2     14K 
10: EX-23       Consent of Experts and Counsels                        1      8K 
11: EX-24       Power of Attorney                                      2     10K 
12: EX-27       FDS - Financial Data Schedule                          2±    10K 

EX-18   —   Letter re: Change in Accounting Principles

                                                                      EXHIBIT 18

    Change in Accounting Principle

January 22, 1999                                                                

Board of Directors                                                              
Knight-Ridder, Inc.                                                             
50 W. San Fernando Street, Suite 1200                                           
San Jose, California 95113                                                      

Dear Board Members:                                                             

Note F of the notes to consolidated financial statements of Knight-Ridder, Inc. 
included in its 1998 Form 10-K for the year ended December 27,1998 describes a  
change in the method used to determine the market related value of plan assets  
from market value to a calculated value. You have advised us that you believe   
that the change is to a preferable method in your circumstances because doing so
aligns the method of calculating the return component of net periodic pension   
costs with the related plans' investment strategy and it minimizes significant  
year-to-year fluctuations in pension cost caused by financial market volatility.

There are no authoritative criteria for determining a 'preferable' method of    
calculating the market related value of plan assets based on the particular     
circumstances; however, we conclude that the change in the method used to       
determine the market related value of plan assets from market value to a        
calculated value is to an acceptable alternative method which, based on your    
business judgment to make this change for the reasons cited above, is preferable
in your circumstances.                                                          

                           Very truly yours,

                               /s/ Ernst & Young LLP

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		3/19/99		DEF 14A
		1/22/99
For Period End:		12/27/98
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