Newspaper Stocks Are Value Traps (Morningstar.com)
Their steep share price declines don't make them bargains.
McClatchy Going Private? CEO Pruitt Resigns Controlling Interest In Family Trusts (paidContent.org)
McClatchy chief resigns from controlling trusts (at MarketWatch)
News industry shedding jobs, leisure healthier (AP)
Friday's report that unemployment surged to a five-year high
in August helped underscore that businesses facing cutbacks and
layoffs are not alone.
David G. Fitzpatrick II Named Vice President, Strategic Initiatives for McClatchy Interactive (PR Newswire)
McClatchy Interactive, the online division of The McClatchy
Company , today named David G. Fitzpatrick II as vice president
for strategic initiatives. Fitzpatrick recently served as vice
president, sales for McClatchy Interactive and general manager of
Real Cities Network, a national advertising network serving the
newspaper industry.