Christmas was on a Sunday in 2005, which had a greater than expected negative impact on retail and classified advertising during the last weekend of our fiscal year. In addition, our California papers had held up well in automotive advertising, but the industry-wide decline in this category reached them in the fourth quarter as well.
More Quotes from Gary Pruitt:
We plan to maintain, sustain and further the journalism at these newspapers.Gary Pruitt
We care who we sell to, and we care about these papers. We are sorry that we're not retaining them and that they don't fit, but they will fit other companies' strategies.
Gary Pruitt
We are generally pleased that we were able to report a solid quarter in a tough advertising environment,
Gary Pruitt
We do think that retail will continue its sluggish performance and we're working hard to make sure that we're getting more smaller ads in the newspapers to make up for that,
Gary Pruitt
The markets we're retaining have a leg up. They are growing at a quicker rate, and with that economic growth comes more readers, more advertisers. The rising tide tends to lift all ships.
Gary Pruitt
This puts us back in the breaking news business and back into the continuous news mode.
Gary Pruitt
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My mother taught me to read.
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My biggest weakness is patience, wanting to see things happen too quickly or get changes in place right away. Not having the patience to let things develop.
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