How the shrewder CEO cashed out at MNI

The year 2007 was a tough one at the McClatchy Co., as it struggled to integrate the complex and costly acquisition of Knight Ridder at the same time a steady deterioration in advertising sales began picking up steam.But the company seemed to be in luck. It had not one, but two, experienced chief executives on its board of directors – the incumbent Gary Pruitt and former Knight Ridder boss Tony