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McClatchy may sell CareerBuilder stake, again

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Published June 20, 2007 at 4:26 PM

McClatchy Co. CEO Gary Pruitt told an audience at a newspaper industry conference the publisher hasn't ruled out selling its remaining stake in job search Web site CareerBuilder. McClatchy, one of the nation’s largest publishers thanks to last year's purchase of Knight Ridder, co-owns the site along with peers Tribune Co. and Gannett Co. Considering the shrinking advertising revenues of the newspaper business, a sale of CareerBuilder seems a little shortsighted.

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