Chilton was sold to Reed Elsevier for $447 million and got $142 million from Euromoney Publications for Institutional Investor. While in April Knight Ridder purchased four newspapers including The Kansas City Star and The Fort Worth Star-Telegram for $1.65 billion. In August 1999, Fairchild Publications was sold to Conde Nast Publications.[13] In March 1998, Disney-ABC placed it shares of Scandinavian Broadcasting System up for sale.[14]