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McClatchy

NEWS

After being stonewalled for years, Carol Rosenberg is suing the government — again

Miami Herald reporter Carol Rosenberg just wants some basic facts. What she's after used to be freely available but is now kept secret by the Pentagon. It involves hundreds of millions of dollars, thousands of people and 60 prisoners. She's been chasing the information for more than two years. And now, she's going to court to get it. On Wednesday, … Read More
NEWS

Print advertising woes are getting worse

The first half of 2016 was financially bleak for newspaper organizations; the second may be even worse. The same day The Wall Street Journal reported a deep global decline in print advertising, McClatchy led off the third quarter earnings season Wednesday, posting a $9.8 million net loss on revenues of $234.7 million. McClatchy was able to grow digital … Read More
NEWS

Why is McClatchy's stock up more than 45 percent? It took a risk.

With Gannett-Tronc hostilities at a standstill, it has been a quiet month for news company finances. With one exception: Shares of McClatchy, the newspaper company, are up more than 45 percent to $17.65 in the last 30 days. What gives? Some of the first to notice the stock's movement asked me whether McClatchy might have become a takeover target, … Read More
NEWS

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
NEWS

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
NEWS

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
NEWS

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
NEWS

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
NEWS

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
NEWS

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
NEWS

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
NEWS

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
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