Articles about "McClatchy"


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Nontraditional sources of revenue rise at McClatchy

McClatchy Revenue from digital advertising and direct marketing now account for about 40 percent of McClatchy's advertising revenue, the company said in its third quarter earnings report Thursday. Overall, revenues were down 4.2 percent. Advertising revenue fell 8 percent, but circulation revenue rose 6.5 percent over the same period in 2012. The company attributes the gain to its paywall plan, called the Plus Program, which it said is "exceeding expectations." In a statement accompanying the earnings release, McClatchy CEO Pat Talamantes said, "We now expect the program to generate between $27 million and $30 million in new revenues in 2013." Audience grew at the company's websites despite the paywalls, McClatchy says.
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McClatchy asks administration if it helped New Zealand track a journalist

McClatchy
“We regard any targeted collection of the metadata of our journalists as a serious interference with McClatchy’s constitutional rights to gather and report the news," McClatchy's Anders Gyllenhaal and Karole Morgan-Prager write in a letter to U.S. Director of National Intelligence James Clapper. The letter comes in response to a report in a New Zealand newspaper that the country's government used U.S. intelligence to help track McClatchy journalist Jon Stephenson. (more...)
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McClatchy second-quarter report reflects drop in earnings, increase in subscribers

Associated Press | McClatchy
McClatchy's latest earnings report shows it earned $11.8 million in the second quarter compared to $26.9 million in the same quarter last year. Last year's second quarter results were boosted by a $7.9 million tax gain, the Associated Press reports.

The earnings report explains:

Total revenues in the second quarter of 2013 were $308.8 million, down 3.5% from the second quarter of 2012. Circulation revenues were $88.5 million, up 4.8% and advertising revenues were $207.7 million, down 6.7% from the same quarter in 2012. Total digital-only revenues, which include digital-only revenues from advertising and circulation, were up 10.6% compared to the same quarter last year.
After the first quarter this year, McClatchy had 22,000 digital-only subscribers. That number grew by more than 3,000 in the second quarter. McClatchy President and CEO Pat Talamantes said in the earnings report:

We believe that we will continue to benefit in the future as our efforts to build our circulation revenues gain even more traction. The subscriber response to our new digital subscription packages, known as our Plus Program, exceeded our initial expectations and we are on target to meet our guidance of generating approximately $25 million in new revenues in 2013. In total, the Plus Program provided more than $8 million in incremental revenues contributing to the 4.8% growth in total circulation revenues for the quarter.  Our digital audiences grew during the quarter, with new digital-only subscriptions from the Plus Program now totaling more than 25,000.
Here's the full report.
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Media CEOs ‘hopeful’ about digital subscription growth

Associated Press | Folha de S. Paulo
At the American Society of News Editors convention in Washington, D.C., Associated Press reporter Martin Crutsinger listened to various newspaper honchos speak about about whether they'd keep publishing daily editions, especially in light of recent changes at Advance-owned papers that have reduced the frequency of print editions and home delivery.

McClatchy's CEO Patrick Talamantes, New York Times Co. CEO Mark Thompson and Washington Post Publisher Katharine Weymouth all said they were sticking with daily publication. Gannett CEO and President Gracia Martore "was less certain," Crutsinger reports. "I can't predict what is going to exist in five years," she said.

The executives were bullish on paywalls, Crutsinger writes; McClatchy had "22,000 digital-only subscribers" at the end of the last quarter. He says the CEOs were "hopeful about their future" after seeing digital subscriptions grow." (more...)
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Austin Tice’s family will return to Beirut

The Family of Austin Tice | Associated Press
Washington Post and McClatchy freelancer Austin Tice has been missing for nearly a year, and his family plans "to return to Beirut to reach more deeply into the region on behalf of our son." The family website says:

With the exception of a distressing 47 second video released in September, we have had no contact from Austin or his captors. We do not know with certainty who is holding him captive.
The video, Terry Wallace reports for the Associated Press, "shows Tice trying to recite the Muslim declaration of faith, or shahada, until he switches to English and says, 'Oh Jesus. Oh Jesus,' and rests his head on a captor's arm." (more...)
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Eric Holder

McClatchy, New York Times won’t attend DOJ’s off-the-record meeting

The Huffington Post | CNN | The Washington Post | Politico
McClatchy Washington bureau chief James Asher says his organization won't attend a planned meeting between news organizations and U.S. Attorney General Eric Holder. The Department of Justice is reaching out to news organizations to discuss its guidelines for seeking phone and email records from journalists.

"They don't help us inform the public," Asher said of off-the-record meetings in a phone interview with Poynter. "This one seems designed mostly to make a public relations point and not a substantive one. If the government wants to justify its pursuit of journalists, they ought to do it in public."

Other news organizations have also declined. (The Huffington Post's Michael Calderone is keeping a running tally of who's in and who's out.)

"It isn't appropriate for us to attend an off the record meeting with the attorney general," Times Executive Editor Jill Abramson told The Huffington Post's Michael Calderone. "Our Washington bureau is aggressively covering the department's handling of leak investigations at this time." (more...)
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McClatchy reports 22,000 digital-only subscribers

The McClatchy Company
Circulation revenues rose 1.6 percent at McClatchy's properties in the first quarter of 2013. Advertising revenue was down 6 percent. Overall, revenues were down 4 percent over the first quarter of 2012.

The company's digital subscription program "continues to exceed our expectations," McClatchy President and CEO Pat Talamantes said in the earnings release. (more...)
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McClatchy’s Syria Bureau Chief David Enders writes about being abducted:

I was recently abducted by a group of rebels in northern Syria. I was strip-searched and held, handcuffed and blindfolded, for six hours along with three Syrian men before we were let go. Our captors suspected me — an American journalist — of being a spy.

That is the price — and much worse — that any journalist working in Syria today must be prepared to pay. …

I had been preparing myself for years to be kidnapped, and though it was unpleasant, it went much better than I had expected.

David Enders, McClatchy

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Circulation and ad revenue down at McClatchy

The McClatchy Co.
McClatchy's circulation revenues were down in the fourth quarter of 2012, the company said in an earnings report released Thursday morning. Circulation revenue fell 1.9 percent, and advertising revenue was down 6 percent.

In McClatchy's third-quarter earnings report, CEO Patrick Talamantes predicted that revenues from the company's paywalls would “begin to make a more significant impact" in the fourth quarter, by which time the company planned to have paywalls in place at all its papers.

Talamantes says in the new report that the paywall program, called "Plus," "contributed $1.2 million in incremental revenues in 2012 which is impressive considering that most of our newspapers launched the program in the fourth quarter. We believe that the new Plus Program could result in more than $20 million in new revenues by the end of the year." (more...)
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Furloughs, job cuts coming to Fort Worth Star-Telegram

A memo to employees sent on behalf of Publisher Gary Wortel lays out the bad news:

Some single incumbent positions will be eliminated and several positions that are currently open will not be replaced. Work groups in several operations and circulation departments will be offered a voluntary separation package today. If enough employees do not take the voluntary option, the positions will be eliminated through the least-tenured employees in those work groups.
Employees will be required to take a one-week unpaid furlough between Feb. 11 and July 31, the memo says.

The Star-Telegram was one of five McClatchy-owned newspapers to introduce a paywall last fall. In an otherwise unhappy third quarter earnings report, McClatchy President and CEO Pat Talamantes said revenues from the paywalls “will begin to make a more significant impact in the fourth quarter.” In December, the company announced it received more than $38 million from equity investments in 2012.

Here's the memo... (more...)
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