More cuts ahead at the Herald?

NEW YORK, July 24 (Reuters) - Newspaper publisher McClatchy Co. [parent company of The Miami Herald] reported a more than 40 percent drop in quarterly profit on Thursday as advertising revenue plunged, but shares shot up 5 percent after the company said it still will be able to pay its debt.Buried in the Reuters story was this ominous quote from McClatchy CEO Gary Pruitt: "We are committed to