“The newspaper business is a great business, ... We've just made the biggest acquisition in the history of our industry when we bought four newspapers from Disney ( DIS ). We think the newspaper business in print form . . . is a very, very good business.”
“Ad revenue growth in February and March, boosted by the early Easter, was the strongest we have seen since the first quarter of 1998. Our focus on operations, with emphasis on cost control and margin improvement, is clearly paying off.”
“While the fundamentals of this quarter were disappointing, we took important steps to position our company for a strong future in both print and online publishing, and our accomplishments were significant,”
“This is a difficult time in so many ways, but in no way greater than having to disrupt the lives and trust of Knight Ridder people with whom we have worked so closely. But I do feel we have no choice.”
“There were things Gannett wanted to do and things Knight Ridder wanted to do, ... We decided if we could develop an exit strategy that would leave us whole, it would be a positive thing for both parties.”
