Pruitt benefits from the fact that McClatchy is indeed tightly held, and thus not nearly as susceptible to activist investors who enjoy collecting scalps of plodding incumbents. And that means that unless Pruitt somehow damages the board relationships he's carefully built, the still-only-50-year-old CEO will oversee another chapter or two of the McClatchy saga.
UPDATE 11:20. Me: Pruitt is the guy who got McClatchy in the deep hole by investing in print media instead of internet and new media. I don't see how he has the vision or creativity or leadership to get McClatchy out of the hole. Even a close-knit board will eventually grasp that.
