Douglas McIintyre thinks Gary Pruitt and some other CEOs need to go back to business school. Of Pruitt, McIntyre says:
He can't be blamed for the problems in the industry, but he is responsible for doubling down his bet that newspapers would do well by buying Knight-Ridder. His company now sits on over $3 billion in long-term debt. MNI shares are down close to 70% this year compared to peer Gannett (GCI), which is off about 40%.
