In a shareholders meeting yesterday, McClatchy CEO Gary Pruitt told nervous investors the company is sound. See the Sacramento Bee's account here. Pruitt may be the biggest flim-flam man in the newspaper business.
Previous posts:
McClatchy CEO Gary Pruitt added to "Wall of Shame" by CNBC's Jim Cramer
McClatchy CEO Gary Pruitt: "I plan on sticking around"
McClatchy CEO: "What, me worry?"
McClatchy CEO Gary Pruitt: In 2006 he was hailed as a visionary. Today, the future he envisioned is starting to evaporate
McClatchy CEO Pruitt doesn't get it
McClatchy CEO Gary Pruitt: "The Gambler"
McClatchy CEO Gary Pruitt was paid $4.6 million in 2007