Revenue Woes Continue at McClatchy

McClatchy kicked off second-quarter earning reports for newspaper companies with results suggesting no abatement yet in the industry’s widespread financial challenges.

The company posted a loss of $14.7 million on revenues of $244.9 million.

Total revenues were down from the same period in 2015 by 7.7 percent. Advertising revenues were off 11.1 percent year-to-year.

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