McClatchy Reports Earnings Growth

Posted
By: Dale Kasler | The Sacramento Bee

The McClatchy Co. reported higher quarterly profits today amid signs that its lengthy revenue slump is easing.

Sacramento-based McClatchy, which owns The Bee, said income from continuing operations rose to $43.2 million in the fourth quarter from $33.5 million a year earlier. Bottom line net income grew even more sharply, to $42 million from $14.8 million, because the year-ago results included a big write-down of some Florida land holdings.































Comments

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