Craig Forman, the president and chief executive officer of the McClatchy Company, a print and digital news media company, will speak at 4:30 p.m. Monday, Oct. 15, in the Torian Room of duPont Library. Forman’s presentation will be “The Future of Media: It's in Your Hands.” The lecture is free and open to the public, and will be followed by a reception.
Forman is the Babson Center's Bryan Viewpoints Series speaker for the Advent Semester.
Forman has deep roots in the news business. He started his career in journalism after earning an undergraduate degree at Princeton and a master’s degree in law from Yale.
He joined the reporting staff of the Wall Street Journal in 1982 and was a foreign correspondent with the paper for 13 years. As Tokyo bureau chief, he was a pioneer in the Journal’s digital efforts and was then tapped by the Journal’s parent company, Dow Jones, to expand digital operations globally.
Forman subsequently built a career as a senior executive at digital firms including Infoseek, one of the Internet’s first advertising-supported search engines, CNN, Yahoo, and Earthlink. He has been an entrepreneur, investor and regular advisor for numerous technology and media firms.
The McClatchy Company, based in Sacramento, California, was founded in 1857 with a single newspaper, the Sacramento Bee. Today, McClatchy owns 29 daily regional newspapers and operates a news service that includes a stand-alone Washington news bureau with a well-earned reputation for journalistic excellence.
Like other news organizations, McCatchy faces the technological and financial challenges of remaining relevant and profitable in the changing landscape of digital media. Forman, with his long career in news and leadership in corporate transformation, was invited to join the board of McClatchy in 2013 and was named CEO in 2017.
Since that time, Forman can claim major successes in his current role. He successfully negotiated a refinancing of the company’s debt, and digital advertising revenues are up sharply. Over the last two quarters, the company’s digital advertising revenue has surpassed print advertising revenue.
The Viewpoints Speaker Series is sponsored by the Babson Center for Global Commerce and is made possible by a generous gift from Peggy and J.F. Bryan IV, C’65.