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KnightRidder.com announces content distribution agreement with Yahoo!

SAN JOSE, Calif. ă May 12, 2000 - | KnightRidder.com, a leader in interactive information, today announced a distribution agreement with Yahoo! Inc. (Nasdaq: YHOO), a leading global Internet communications, commerce and media company, to provide local and regional news headlines from its Real Cities network.

KnightRidder.com will provide consumers of Yahoo! News (http://news.yahoo.com) with a variety of daily local news headlines from cities across the United States, as well as additional headlines to the popular Full Coverage area of Yahoo! News.

"This agreement is a great opportunity for us to grow our reach and awareness," said Dan Finnigan, president of KnightRidder.com. "The Yahoo! relationship allows us to reach one of the Internet¼s leading sites and allows its users the chance to explore our enhanced Web sites. As a leader in local news and information, Real Cities brings Yahoo! consumers even more relevant top quality content. This is in line with our aggressive distribution strategy."

"Yahoo! is dedicated to bringing together the best content available, and local information is a critical component of that commitment," said Brad Rubin, producer, Yahoo! News. "KnightRidder.com¼s comprehensive local and regional news enriches the depth of information available on Yahoo!, and it helps our viewers access information they need to stay informed."

The KnightRidder.com headlines and news briefs are available on My Yahoo! pages covering up to as many as 20 major U.S. markets.

Neal Fondren, vice president of new media for E.W. Scripps and a Real Cities partner said, "We are pleased to be part of this important relationship and look forward to connecting with new users in search of rich and useful local content."

Initially headlines and news briefs are available in the following markets: San Francisco Bay Area, Miami/Orlando, Philadelphia, Detroit, Charlotte, Kansas City, Twin Cities, Dallas/Ft. Worth, Akron/Cleveland and Tallahassee.

About KnightRidder.com and Real Cities:

KnightRidder.com, a leader in interactive information, is headquartered in San Jose, Calif., the heart of Silicon Valley. KnightRidder.com operates and manages the emerging national network of regional hubs, RealCities.com. Real Cities offers a variety of online services covering news, classified ads, entertainment, shopping, search, community publishing, Internet access, and archives. Real Cities partners include E.W. Scripps, Central Newspapers. Belo Corporation and Macromedia, Inc. Among its member Web sites are: BayArea.com, DFW.com, Indy.com, KansasCity.com, Kentucky.com, Miami.com, Ohio.com, PhoenixAZ.com, Charlotte.com., TwinCities.com and the soon-to-debut NorthJersey.com. KnightRidder.com is an independent business unit of Knight Ridder (NYSE: KRI), the second largest newspaper publisher in the United States.

Press contacts:

Cynthia Mallen Funnell KnightRidder.com Director of Public Relations (408) 938-6076 cfunnell@realcities.com

Maya Esparza PRx Inc. for KnightRidder.com/Real Cities (408) 287-1700 maya_esparza@prxinc.com

Real Cities and the Real Cities logo are trademarks and/or registered trademarks of KnightRidder.com. Yahoo! and the Yahoo! logo are trademarks and/or registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.