McClatchy ends year with circulation revenue up

McClatchy

Circulation revenue in 2013 was up 5 percent over the previous year, McClatchy said in its fourth-quarter and year-end earnings report. Total advertising revenue was down 6.7 percent across the company's platforms, and down about 9 percent in print.

After taxes, McClatchy made $8.2 million on its sale of the Miami Herald's property, the report notes. Compensation expenses were down about 7 percent compared with 2012. Revenue from McClatchy's digital subscription program, called Plus, "provided more than $8.8 million in new revenues in the quarter and $31.4 million in total for all of 2013," the report said. The company says it has 60,300 digital-only subscribers.

  • Andrew Beaujon

    Andrew Beaujon reported on the media for Poynter from 2012 to 2015. He was previously arts editor at TBD.com and managing editor of Washington City Paper. He's the author of the 2006 book "Body Piercing Saved My Life," about Christian rock and evangelical Christian culture.

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