Posted
10:53 AM
by Gene
TRANSLATION: The Wall Street Casino is giving the newspaper biz an excuse for bad performance.P. S. at 1:32 p. m.McClatchy (MNI) has gotten generous with its holiday handouts - at least for a few execs, on whom it's ladling tons of restricted stock for the first time in a while. CEO Gary Pruitt, who presided over the firm's acquisition of Knight Ridder (as well as a 90% stock decline) gets a whopping 450,000 RSUs.Why shouldn't he? The newspaper biz is BAAAAAAAAAAAAAAAAAAAAACK!!!!!!!!!!