McClatchy sees another 10 percent ad revenue decline in 3rd quarter

McClatchy opened the 3rd quarter earnings season for newspaper companies today reporting weak financial results typical of the industry so far this year. The company recorded a loss of $1.1 million on revenues of $251.2 million. Advertising revenues were off 10.2 percent compared to the same quarter in 2014. Print revenues fell more than that -- though the company … Read More

McClatchy to shutter foreign bureaus in reorganization of D.C. operation

McClatchy's foreign correspondents are headed to the U.S. as part of a broader restructuring of the Washington, D.C. bureau, the newspaper company announced Monday. The announcement, made in a memo to editors from McClatchy news chief Anders Gyllenhaal, comes after reports that the company planned to close its foreign bureaus before the end of the year. No … Read More

Financial maneuvers bring McClatchy share price back up

Typically, having a stock trading at $1.26 a share is not cause for celebration. But when McClatchy stock closed at that level today, it represented a gain of 23.5 percent in the last three trading days. McClatchy was threatened two weeks ago with delisting on the New York Stock Exchange.  The company responded with two moves that appear … Read More

McClatchy reports precipitous print ad declines again for second quarter

McClatchy, in the doghouse with investors for most of the year, reported another disappointing quarter today, eking out a profit of $98,000 on $262 million in revenues. Despite growing digital ad revenues, holding circulation revenues even and reducing debt and interest payments compared to the same quarter a year ago, the results were dragged down by a 12.5 percent … Read More

McClatchy's stock continues to take a pummeling

McClatchy reported a first quarter net operating loss of $11.3 million and more deep declines in print advertising today as its stock continues to takes a pummeling. McClatchy shares have been trading between $1.50 and $1.60 the last several days. That is about half where they were at the start of 2015, and they have lost roughly three-quarters … Read More

Gyllenhaal: McClatchy reimagines its publishing process

For the past six months, staffers across The McClatchy Company have spent hundreds of hours talking with readers in ways we’ve never done before. Robin Johnston, design director with the McClatchy Publishing Center, interviews reader Nathaniel Sanders in Raleigh last November. (Photo by Joan Barnett Lee/McClatchy) We’ve asked them to dissect their news habits for us, … Read More

Capital flows like water to media companies (of a certain kind)

December has started with a bang-up ten days financially for some leading American media companies. Vox announced it has raised another $46.5 million in a new round of venture capital bringing its total valuation to $385 million. CEO Jim Bankoff, in a internal memo he made public, announced ambitious expansion plans for 2015. Outbrain, a content recommendation/native advertising … Read More

A look at 5 successful news partnerships

The Pew Research Center is out today with a new report seeking to define what differentiates effective and sustainable news partnerships from the many that launch with a splash and later quietly fizzle. At Poynter Online, we regularly report on Pew's prolific series of studies on digital behavior and news industry trends. There is a twist concerning this particular … Read More

Tough times at McClatchy -- A quarterly loss and four assets sold

McClatchy closed the books today on a rocky third quarter with an earnings report yesterday showing a small loss of $2.6 million (1 percent on revenues of $277.6 million). But CEO Pat Talimantes and Gold Ira Comparison instead opened the conference call with analysts offering commentary on a much bigger issue, what he described as … Read More

Apple's iPhone Plus doesn't spell doom for tablet design

Critics have long groused about the death of the tablet's use in news design. Jon Lund pronounced tablet magazines "a failure" in a 2013 GigaOM article, declaring that the "app-based tablet approach to magazines leads straight to oblivion." When News Corp's iPad newspaper, The Daily, was discontinued in 2012, Tech Crunch ran an article titled "Why magazine apps suck" that rattled off a list of problems plaguing tablet publications: large file sizes, lack of imagination from developers and a failure to reach the sizable audience of iPad readers. In recent weeks, rumors of a new iPhone with a larger screen began circulating in advance of today's Apple event, prompting industry watchers to forecast dark days ahead for the tablet. Marketwatch's Quentin Fottrell called the new phone "a big risk for Apple," quoting an analyst who said the larger screen might cannibalize the iPad market. The Motley Fool's Tim Brugger agreed, writing that large-screen phones might eat into the sales of tablets and mini-tablets. Read More