Douglas H. McCorkindale ’64 was a partner in a large Wall Street firm when he was approached in 1971 by a small newspaper company called Gannett to head its acquisition program and become general counsel.
Gannett Company’s revenue has grown from $160 million to $7 billion during his tenure. Now the nation’s largest newspaper chain, the company publishes 99 dailies, including USA Today, and operates a broadcasting division, among other enterprises.
Protecting Gannett’s intellectual property is “a full-time process,” says Mr. McCorkindale, now chairman, president, and CEO. USA Today is a frequent target for copyright theft, especially outside the United States, he adds.
While Mr. McCorkindale believes the print medium is here to stay, he questions the long-term viability of a predominantly free Internet. “The traditional media side is paying the bill for the information. If they can’t continue to afford to do that, the Internet won’t be free.” Of Gannett’s 85-plus Web sites, only 25 or 26 are currently profitable, he says.