Gary Pruitt
Gary Pruitt
Gary B. Pruittis the President and CEO of the Associated Press and was the CEO, president, and chairman of the board of the McClatchy Company...
able tough advertising
We are generally pleased that we were able to report a solid quarter in a tough advertising environment,.
becoming best company expect papers toward work year
We expect each of our papers to get better every year and work toward becoming the best in the company of its size.
numbers reason reported star
We see no reason to restate any circulation numbers reported by the Star Tribune,
ability delighted deliver finding high highlights home knight papers priority quickly sales selling since
Finding the right home for these papers has been a high priority for us since the announcement that we would be selling 12 of the Knight Ridder newspapers. This transaction highlights our ability to deliver quickly on our divestiture plan, and we are delighted with the sales price.
finding high home papers priority
Finding the right home for these papers has been a high priority for us.
newspapers prove wrong
Newspapers are not dying. That's just wrong, and we are going to prove it wrong together.
audiences aware difficult holding industry national negative newspapers side
Newspapers are holding on to their national audiences better (than other media), but the negative side is we're more difficult to buy. The industry is aware of it.
breaking business continuous news puts
This puts us back in the breaking news business and back into the continuous news mode.
best community mass medium reflect relevant serve
We're a mass medium ... The best way to be relevant is to reflect the community and serve it well.
albeit anybody audience audiences fragmented holding last local mass onto slowly
Our local competitors have fragmented audiences. As a result, we're the last mass medium. We're holding onto that audience better than anybody else, albeit it's slipping slowly each year.
companies fit full great higher knight multiple newspapers paid strategies strong turns value whose
The 11.5 times multiple -- which is two full turns higher than the 9.5 times multiple we paid for the whole of Knight Ridder -- demonstrates that these are strong newspapers with great value to companies whose strategies fit them.
expect robust site web
I think you can expect a more robust and interactive Web site here at The Herald.
break design ground next park year
I think the best-case scenario, we will design the park next year and break ground on park construction in 2007,
amount cash debt given good relative return small time
Given the company's small amount of debt relative to its cash flow, this is a good time to return cash to our shareholders.