1. Money Talks.
- Author
-
Moron, John
- Subjects
- *
NEWSPAPER publishing , *CORPORATE finance , *MASS media industry - Abstract
The article discusses the decision by the McClatchy company to sell Minneapolis' "Star Tribune" newspaper just a few months after acquiring the esteemed daily from Knight Ridder. Chief executive officer Gary Pruitt said that the decision was strictly from a financial standpoint, as it directly contributed to McClatchy's lowered cash flow in 2006. The author decries the implications of the sale and its illustration of the newspaper industry's increasingly commodified role in the United States, often at the expense of quality journalism.
- Published
- 2007