 Scripps traded the paper, along with "The" (San Luis Obispo) "Tribune", to Knight Ridder in 1997, in exchange for the "Boulder Daily Camera".Knight Ridder was later purchased by the Sacramento-based McClatchy Company in June 2006 in a deal valued at $4.5 billion.The deal was contingent on McClatchy selling off 12 of the 32 newspapers it had just purchased, including "The Monterey County Herald ".