Tuesday, October 21, 2008

McClathy will stick with AP


This report from Mark Fitzgerald, Editor & Publisher:


McClatchy Co. is not going to the join the chains bolting The Associated Press, Chairman and CEO Gary Pruitt told analysts Tuesday.

"McClatchy has recently signed a new deal with AP, so we are not part of the group that is giving notice," Pruitt said in response to a question during a conference call to discuss McClatchy's third-quarter earnings report.

"We are pleased we had a rate reduction from AP. That doesn't mean all our editors are pleased with AP or that we don't have issues with AP, but we don't plan at this point to give notice."

In recent weeks, a number of papers, including all nine Tribune Co. dailies, have given AP the required two-years notice to drop the wire service.

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