McClatchy shows a profit despite 23% drop in revenue

Associated Press
McClatchy's says it earned $23.6 million, or 28 cents per share, in the third quarter. That compares with $4.2 million, or 5 cents a share, a year ago. Revenue tumbled 23% to $347 million, with ad sales down 28%. | Read the release.
> McClatchy's News & Observer offers more buyouts

  • Jim Romenesko

    From 1999 to 2011, Jim Romenesko maintained the Romenesko page for the Poynter Institute, a Florida-based non-profit school for journalists. Poynter hired him in August of 1999, after seeing his MediaGossip.com, a hobby site he started in May of 1999.

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