McClatchy CEO Gary Pruitt has his head and hands full buying and sellng papers, as he figures out what it means to be the country's second-biggest newspaper company. A few questions for him as he moves forward (and 10 additional very web-specific ones added):
- Was it coincidence that 8 of the 12 KR properties you immediately put on the sales block were Newspaper Guild operations, making your chances of
achieving significant cost savings more difficult?
- Were you surprised that Tony Ridder was surprised that you were going to re-sell 12 of his papers, including his hometown Merc?
- Is the sale of the Mercury News and Contra Costa Times to Dean Singleton’s Media News all-but-a-done-deal, as many suspect?
- If you succeed in taking K’s stake in the T(ribune) K(nightrider) G(annett) investments in Career Builder and Classified Ventures, will you push to get some of McClatchy’s local market penetration tricks of the trades adopted?
- Will you push TMG (TGM?) for new collective investments, for instance, in buying an ad matching company, like Quigo or Context Web, so that the news industry’s reliance on Google and Yahoo for paid search/contextual revenue can be reduced?
- Will you make McClatchy more of a player overall in the ventures game, looking for
technologies, lead gen companies and other complements to the online businesses?
- Can you figure out a more strategic way to purpose TKG’s 75% stake in Topix to advantage local search and traffic re-circulation on local newspaper sites?
- Can you convince a skeptical Wall Street, which is punishing your purchase daily, that you’ll be getting better-than-expected prices for the Dirty Dozen, defraying the cost of the deal?
9 . Will you give the Yucaipa/Guild bid a wide open shot?
- How likely are PCM, Harris and Southeastern to stick with the deal if the McClatchy share price keeps dropping, reducing the “collar-less” purchase price below 62 or 63?