McClatchy income, revenue and classified ad revenues – all down

24 Oct 2008

McClatchy joins the parade of media groups reporting tough news. The company’s Q3 net income from continuing operations came in at only $4.2 million, half of what analysts expected. Revenues were down 16.4 percent to $451.6 million. And of course there’s McClatchy’s staggering $2 billion debt from its 2006 take over of Knight-Ridder.

Ad revenue for the company is no

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.