McClatchy Publishing Company Posts $37.5M Loss

April 23, 2009 12:00:00 AM PDT
The Sacramento-based company publishes the Sacramento Bee, the Fresno Bee and other newspapers. New this morning, publisher McClatchy Company is reporting a $37.5 million dollar loss and a 25 percent decline in revenue for the first quarter, as the recession hit advertising revenues both for newspapers and web sites.

The loss is larger than expected. McClatchy said its loss amounted to 45 cents per share. That's much larger than its loss of $849,000, or 1 cent per share, a year ago.

    MORE BUSINESS NEWS | TWEET@ABC30 | FREE ABC30 WIDGET
-----------------------------------------------------------------------------------------------
Sign up for Breaking News Alerts
Breaking News E-Mail Alerts | Text Message Alerts
-----------------------------------------------------------------------------------------------
More News on abc30.com
Local | California/State | National | Weather | Entertainment | Politics | Sports | Health Watch | Consumer Watch | Mr. Food |
-----------------------------------------------------------------------------------------------


Load Comments