McClatchy Co. Reports Lower Third Quarter Earnings as Advertising Revenue Drops
Posted: 10/24/2013 | By: Dale Kasler | The Sacramento Bee
The McClatchy Co. today reported a decline in third quarter earnings as a continued drop in advertising revenue offset better-than-expected results from the Sacramento newspaper chain’s digital initiatives.
which owns The Bee and 29 other papers, said third quarter earnings
fell to $6.9 million, down from $8.8 million a year earlier, not
counting one-time adjustments.