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...
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.
hear newspapers wisdom
I know what the conventional wisdom is. We hear it all the time: Newspapers are dead. That's all we hear. ... That's just wrong, it really is wrong.
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,
fit operating simply standing terrific
These are terrific publications but simply do not fit with our long- standing acquisition and operating strategies.
definitely far newspaper view
Definitely we have the view of the newspaper being the core, as far out as we can project.
below december per resulted results
December advertising, which was down one per cent, resulted in fourth-quarter results below our expectations.
last mass medium
You're the last mass medium here. Everything else is fragmenting.
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.
newspapers view wisdom
The conventional wisdom is that newspapers are dead. That's the view out there, but it couldn't be more wrong.
begun exact marketing papers received sold
We don't know how these will be sold or the exact structure. ... We have begun marketing these papers today. We have received inquiries already.
possible
It's possible that (contract farming) could go another year.
athletic facility priorities
Football, soccer, rugby, lacrosse are going to probably be the priorities from an athletic facility standpoint,