Will business model ‘stabilize’ for newspapers?

Quizzed by securities analysts last week about his company’s disappointing financial performance, the best McClatchy boss Gary Pruitt could say was that he hopes the newspaper “business model will stabilize” at some unspecified point in the future. But it will not.And it had better not, if Pruitt intends to save what’s left of his newspapers, where relentless cost cutting has halved the headcount