Thought this was a good time to listen to McClatchy CEO Gary Pruitt defend the Knight Ridder buy and talk about journalism's promising future -- from early 2007. In it, he quotes Abe Lincoln and Lenny Kravitz and proves he's a clueless tool. I can't believe he still has his job.
The Sun Sentinel's parent has announced it is carefully readying bankruptcy...McClatchy is ready to sell The Miami Herald...And will a merger of the two be far behind??
<b>Tribune is preparing for a possible bankruptcy-protection filing as soon as this week, according to people familiar with the matter, opening a new front of trouble for the newspaper industry.
As Tribune continues discussions with its lenders to rework its debt load, the newspaper-and-television concern in recent days has hired Lazard as its financial adviser and a legal counsel for a possible trip through bankruptcy court. [Click for MORE]
> Tribune Hires Advisers to Try Staving Off Bankruptcy
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