This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
MNI has gutted their knowledge people, and can't attract the technologists that can build sustainable online revenue streams.
The recession has changed the consumer and marketer away from any form of push advertising towards database marketing.
McClatchy still doesn't understand the seismic shifts in marketing and buyer interaction.
This guy must be nuts. Revenues continue to fall in double digits and they just announced that their next conference call will be listen only.
The only upside to this company is that no one can ask any questions about their financial health. I'd hardly consider that a good sign for the future.
Freedom Communications was carrying about half of McClatchy's debt load and Freedom filed for bankruptcy a few days ago.
Never heard of this moron or his web site. Is he Gary Pruitt's brother-in-law? Plus he's only recommended a buy for "speculative investors" or those who have enough money to risk losing it all. Hey pal, if you want to flush some dough down the crapper, have at it.
Newsprint costs less because of less demand. So that means MNI is on the mend, because they do want it, and it costs less. The last newspaper standing can probably get newsprint for free. That is so damn funny.
"In addition, slumping worldwide demand for newsprint has resulted in substantial newsprint cost savings"
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