37 ordspråk av Gary Pruitt

Gary Pruitt

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Our investigation at the Star Tribune was thorough, involving thousands of pages of circulation records and hundreds of interviews with employees and independent contractors. We see no need to restate any circulation numbers reported [to the Audit Bureau of Circulation] by the newspaper.

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.

The 11.5 times multiple -- which is two full turns higher than the 9.5 times multiple we paid for the whole of Knight Ridder -- demonstrates that these are strong newspapers with great value to companies whose strategies fit them.

The conventional wisdom is that newspapers are dead. That's the view out there, but it couldn't be more wrong.

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.

There could be additional land available.

These are high quality papers, they're doing well, and we expect to sustain and further their journalism.

These are terrific publications but simply do not fit with our long- standing acquisition and operating strategies.

This puts us back in the breaking news business and back into the continuous news mode.

We are generally pleased that we were able to report a solid quarter in a tough advertising environment,

We are generally pleased that we were able to report a solid quarter in a tough advertising environment, ... Sluggish retail advertising and continued declines in automotive reduced the rate of revenue growth in the quarter. But our real estate and employment advertising remained strong both in print and online, with online advertising showing continued strength in all categories.

We are having a good fourth quarter, which has led us to raise our estimates of full-year earnings for 1999.

We can't change a market, but we can change a newspaper.

We care who we sell to, and we care about these papers. We are sorry that we're not retaining them and that they don't fit, but they will fit other companies' strategies.

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,

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