Simply put, you can't change a company without changing its management - Andy Grove - Only the Paranoid Survive
The billion dollar deal, which was completed recently, saw Gates among a few other investors in lending MediaNews $350 million to buy the McClatchy titles.
These included the San Jose Mercury News, Contra Costa Times, Monterey County Herald and St. Paul Pioneer Press.
Gates involvement has been very behind the scenes. In fact many of those involved in the deal didn't even know he was one of the investors. It was carried out through the Gates Foundation, the world's largest philanthropy outfit.
More at Siliconvalley.com, here. µ
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