Eugene David
...The One-Minute Pundit

Wednesday, December 23, 2009


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!!!!!!!!!!

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