McClatchy Co. Reports Lower Third Quarter Earnings as Advertising Revenue Drops

Posted Thursday, October 24, 2013 7:32 am

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.

McClatchy, 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.

Comments

No comments on this item Please log in to comment by clicking here

Scroll the latest job openings

Post or search jobs now

Latest E&P Exclusive Reporting

We’re veterans of an iconic newspaper war: Here’s why we think it’s time to call a journalistic truce

The rivalry between New York newspaper tabloids created a famously competitive and sharp-elbowed media environment — one that benefitted generations of readers. Kathy Kiely and Vincent Morris understand this because they worked on opposite sides of the celebrated New York Daily News/New York Post feud. However, in this column for E&P, they write that the public sometimes benefits more when those rivalries are put aside. “To our former colleagues in the Washington press corps: That time is now.”

Local Media Association and Local Media Foundation: Lifting media to success on four strong strategic pillars

“Helping local media companies discover new and sustainable business models” is the sole focus of the Local Media Association. The Local Media Foundation is a charitable trust and “serves as the innovation and transformation affiliate of LMA.” Together, they are making a concerted effort to transform legacy media business models for the digital age and assist local media entrepreneurs to establish their credibility and build a loyal audience.

Read more E&P Exclusive Stories

Latest (Proudly Printed) Magazine

Latest Marketing Partner Case Studies

Challenging the status quo: Tim Huelskamp on intuition, innovation and impact

In a recent interview with Johnny Levy, CEO of DataJoe and founder of the Media Data Collaborative, 1440 CEO Tim Huelskamp shared his unconventional approach to business, media, and social impact. The conversation, part of the People of Media series, explored Huelskamp’s journey in launching 1440, a rapidly growing news platform designed for the “intellectually curious,” and his passion for balancing profit with purpose.

Center for Integrity in News Reporting seeks communications director to champion ethical journalism

The Center for Integrity in News Reporting (CFINR) is searching for a dynamic Communications Director to lead outreach initiatives, engage with media organizations, and advocate for ethical journalism across the United States. This high-profile role goes beyond traditional communications — it requires an individual passionate about restoring public trust in news media through advocacy, public engagement and strategic media relations.

Newspapers emerge as a top media influence for automotive consumers

A new multi-market analysis by The Media Audit underscores the significant influence of newspapers in the automotive sector, ranking them as the second most impactful media platform — just behind podcasts — for adults 18+ planning to buy a vehicle in the next 12 months.

/casestudies/index.html

Latest Marketing Partner News

How media brands are transforming revenue and audience growth with Audience.io’s engagement solutions

As digital transformation reshapes the media landscape, organizations must innovate to stay ahead. The Baltimore Times and Gray Media have done just that—leveraging Audience.io’s interactive solutions to drive revenue, boost engagement, and capture first-party data. In a recent Editor & Publisher webinar, Paris Brown (Publisher, The Baltimore Times), Ryan Pinnell (Regional Sales Director, Gray Media), and Creighton Green (Co-founder, Audience.io) shared their success strategies. Watch now to discover how these innovative tactics can transform your media business.

See More Partner News

How Canyon Media unlocked $600,000+ in new revenue with "Best Of:" An E&P Case Study

Join us for an exclusive live broadcast where we’ll dive deeper into the remarkable success story of Canyon Media’s Best Of program, which generated over $600,000 in new revenue using the Elite Insights platform. Learn how their team implemented a turnkey solution to drive substantial revenue growth while streamlining their operations.

McClatchy Co. Reports Lower Third Quarter Earnings as Advertising Revenue Drops

Comments

Former New Orleans Saints quarterback Drew Brees hints at return to broadcasting

Baltimore Beat partners with Peabody Brewery to raise funds

Paulina Velasco will manage editorial collaborations in new role with INN

‘60 Minutes’ publicly releases transcripts of interview at heart of its dispute with Trump

We’re veterans of an iconic newspaper war: Here’s why we think it’s time to call a journalistic truce

Local Media Association and Local Media Foundation: Lifting media to success on four strong strategic pillars

A perilous period for freedom of the press

Make hay while the sales shine – Sleet's must have Q1 revenue ideas