Examining McClatchy newspapers

Page A1 of The Wall Street Journal today examines the plight of McClatchy newspapers, detailing the 78 percent plunge in the company’s stock price since 2006 and the up and down journey of CEO Gary Pruitt in a time of digital transition.
Reporter Steve Stecklow calls Pruitt, “one of the last true believers in the financial power of the press,” and discusses the company’s recovery strategy, which reportedly includes a new Web deal with Yahoo Inc and the sale of some non-newspaper operations.

Read the entire article here.