McClatchy Chief Executive Gary Pruitt shared some details of the newspaper publisher’s operations in his speech on Tuesday at the Newspaper Association of America’s annual meeting. Here’s what he said, based on a transcript posted at the NAA’s website:
Newly launched international news service GlobalPost.com had a good first quarter and sees positive signs for the rest of the year, including coming in under budget and raising more money to finance its operations. That’s not bad, and looks all the better considering how the news business is under assault these days. Oh, and it aims to be cash-flow positive by the fourth quarter of 2011.
I spoke late last week with the chief executive of EW Scripps Co, the company that got its share of hisses and boos for shutting down the Rocky Mountain News this past February.
The Project for Excellence in Journalism published its sixth annual State of the News Media report on Monday. The report, at 800 pages and 180,000 words, is a monster. The news media that it’s analyzing, however, is turning into something quite a bit smaller.