Finding the right home for these papers has been a high priority for us since the announcement that we would be selling 12 of the Knight Ridder newspapers. This transaction highlights our ability to deliver quickly on our divestiture plan, and we are delighted with the sales price.
More Quotes from Gary Pruitt:
Our local competitors have fragmented audiences. As a result, we're the last mass medium. We're holding onto that audience better than anybody else, albeit it's slipping slowly each year.Gary Pruitt
The conventional wisdom is that newspapers are dead. That's the view out there, but it couldn't be more wrong.
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
Advertising spending continues to be somewhat choppy in our markets, but we do not view December's results as indicative of a trend in advertising performance going forward.
Gary Pruitt
It's possible that (contract farming) could go another year.
Gary Pruitt
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.
Gary Pruitt
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Based on Topics: Planning Quotes, Sales QuotesBased on Keywords: divestiture, ridder
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