McClatchy Pretends It's Not Going Under
But it so is

McClatchy’s chief executive, Gary Pruitt, said his resignation as a co-trustee of trusts held by the U.S. newspaper publisher’s controlling family should not be read as a prelude to the company going private or changing its capital structure, despite speculation to the contrary.
"This was my independent decision and it should not be read as a precursor to any move by the company or McClatchy family, including taking the company private or altering its capital structure,” Mr. Pruitt said. “Any statements or speculation to the contrary are incorrect.”
[NYT]

To which we respectfully riposte with an "O RLY?"

Sep 11, 2008 · posted by drew · Link · Respond
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