Talamantes: Papers Are 'Phenomenal Assets'

By: Eric J. Smith | NetNewsCheck

McClatchy Co. CEO Pat Talamantes thinks newspapers “are phenomenal assets to hold on to.”

Talamantes, during the company’s third-quarter conference call Thursday, said that while newspapers seem to be valued on discounted cash flow, the company sees “long-term option value” in being the country’s largest local media company.