MCCLATCHY CO. REPORTS 16.3% HIGHER EARNINGS

By: Staff reports

California, Carolina Papers Had Strongest Growth



The McClatchy Co. reported earnings rose 16.3% to $15.8 million in the first quarter
of 2000 on improved ad revenue growth, especially at its California and Carolina
papers, and lower newsprint prices.



Earnings per share of 35 cents met a consensus estimate of financial analysts polled
by First Call Corp.



Total revenue rose 3.2% to $266.6 million, with ad revenue up 3.8% and circulation
revenue down 1.3%.



President and CEO Gary Pruitt said the Sacramento, Calif.-based company was pleased
with the results, despite slower ad revenue growth due to the late Easter

this year.



Circulation was up 1% daily, 0.7% Sunday, in the quarter. The McClatchy Co. publishes
11 dailies and 13 community newspapers.


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~



Staff reports



Previous 1st quarter earnings reports:


WASHINGTON POST CO. PROFITS FALL 47% (04/25/00)



CLASSIFIED, WEB REVENUE DRIVE RESULTS AT LEE (04/21/00)



KNIGHT RIDDER EARNINGS UP 9.6% (04/20/00)



CENTRAL EARNINGS BEATS ESTIMATES (04/20/00)



TRIBUNE POSTS RECORD EARNINGS (04/17/00)



NEW YORK TIMES CO. STARTS 2000 RIGHT (04/14/00)



DOW JONES BLOWS AWAY EXPECTATIONS (04/12/00)



MEDIA GENERAL REPORTS 31% EPS INCREASE (04/11/00)



CATEGORY TV LEADS SCRIPPS EARNINGS (04/11/00)



GANNETT REPORTS FIRST QUARTER EARNINGS (04/10/00)







(c) Copyright 2000, Editor & Publisher

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