Tuesday, March 4, 2008

Jack Shafer in Slate: What will McClatchy's Pruitt do next?

Jack Shafer ponders Gary Pruitt's next move:

Whatever Pruitt does with his troubled company newspapers—sell some titles at depressed prices, cut expenses, cut circulation, cut staff, or something more inventive—will inform the strategies of other newspapers. He's got to do something. What will it be?

In the comments section at his Gannett Blog, Jim Hopkins speculates McClatchy's top 2 shareholders, Brandes Investment Partners and AXA, are ready to look at a new restructuring plan. Time to force a company sale?