McClatchy CEO Gary Pruitt sees free, ad-supported content as online standard going forward (Minneapolis-St. Paul Star Tribune)
Wednesday, January 27th, 2010NEW YORK – McClatchy’s fourth-quarter earnings offered a snapshot of the troubles facing newspapers on the Web. The publisher’s online advertising revenue was up a promising 14.9 percent over the prior-year quarter and totaled $188 million in 2009. But overall ad revenue dropped $426 million from the year before.