The stock I mean, not the content.
The share price will open at $12 today, a new low as the market cap for the company has slid below a billion, at $985 million.
Reading between the lines, you gotta figure that CEO Greg Pruitt only has a quarter or two left to show something positive before he gets shoved out the door. This cannot continue.
The search will continue for some kind of revenue growth, but in the meantime the search for savings may only intensify. If you don’t think that has an impact on the kind of news that gets reported in McClatchy papers, you are not paying attention. There is a reason we had reporters camped out on high school football players’ doorsteps: No way that job can be outsourced to India.
