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.
More Quotes from Gary Pruitt:
It's possible that (contract farming) could go another year.Gary Pruitt
Definitely we have the view of the newspaper being the core, as far out as we can project.
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
We don't know how these will be sold or the exact structure. ... We have begun marketing these papers today. We have received inquiries already.
Gary Pruitt
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.
Gary Pruitt
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