The union that represents Knight-Ridder Inc. journalists says it wants a worker-friendly buyout of papers whose workers it represents. Linda Foley, head of the Newspaper Guild-CWA, said she plans to monitor plans by McClatchy Co., which said Monday it is buying KRI, to sell 12 of KRI's newspapers.

LONDON - U.S. stocks are trading lower on Wednesday, with the Federal Reserve's interest-rate outlook likely to be a continued focus amid a relatively light day for earnings and economic data. The embattled media sector will draw attention after Time Warner Inc.