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