Although recruitment and real estate have remained strong all year, we did not see the hoped-for turnaround in auto in August
Tony Ridder
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.
acquisition business history good disney industry great made newspapers form print newspaper
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.
growth control focus improvement easter early
That level of cost increase will not be repeated in the fourth quarter
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
future accomplishments strong company publishing important print
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.
trust choice people time feel lives difficult knight greater
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.
strategy positive parties leave things knight thing
real strong
Dealing with a drummer isn't that much different from dealing with someone from IT.
We feel the need to go our own way.
feel
In all of the cities where we have newspapers, we run the business.
business cities run newspapers
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