McClatchy Reports First Quarter Loss, Sees Digital-Only Advertising Gains

Posted Friday, May 5, 2017 7:59 am

Mark Glover | Sacramento Bee

Despite double-digit growth in digital-only advertising revenue, McClatchy on Thursday reported a net loss of $95.6 million, or $12.60 a share, in this year’s first quarter.

Sacramento-based McClatchy, publisher of The Sacramento Bee and 29 other newspapers, said that figure included an after-tax noncash impairment of $76.8 million on the carrying value of the company’s interest in CareerBuilder LLC.

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McClatchy Reports First Quarter Loss, Sees Digital-Only Advertising Gains

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