Following another dismal earnings report, The McClatchy Company (NYSE: MNI) CEO and Chairman Gary Pruitt began by essentially pinning the company’s troubles on the economic recession. For example, Pruitt emphasized print job revenues were down 57 percent while online help wanted ads were down 39 percent. Still, the results weren’t…

In the aftermath of McClatchy’s big layoff announcement, attention naturally turns to top management, and its culpability for the state of affairs. Despite the continued decline in the business, and the awful performance in the company’s stock, CEO Gary Pruitt took home an $800,000 bonus in 2007, on top of…

The McClatchy Company (NYSE: MNI) continues to feel the negative impact of its 2006 Knight Ridder acquisition, announcing today that is writing down $1.37 billion—one-third attributed to the way stock was valued for that transaction, the rest to acknowledge declining values of its properties. The breakdown: $1.18 billion to goodwill,…