Romenesko

Sacramento News & Review
"It's difficult to tease out how much of this is cyclical, and therefore temporary, and how much is secular and permanent," McClatchy CEO Gary Pruitt says of newspaper industry woes. "People have a tendency to conflate the two and assume, 'Oh my god, it's the end of the world as we know it -- so why do you feel fine?' ... I remain optimistic long-term, but in the short run, things may get worse. I hope not, but they could. Sorting that out has been difficult, stressful, painful, whatever you want to call it."