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.
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...)
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.
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.