McClatchy Reports Strong January

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By: E&P Staff McClatchy's January advertising revenues grew 4.6% and total revenues increased 3% compared to the same period a year ago, the company reported Thursday.

Including online, retail advertising revenues grew 1.3%. National increased 15%. Classified was up 3%. Within the classified category, auto fell 16.1%, real estate grew 26% and employment was up 3.8%.

By region, advertising revenues in California grew 9.2%. Minneapolis was up 1.5%, the Carolinas increased 1.9%, and the Northwest rose 1.6%.

Circulation revenues for the company declined 5.2%. Average paid daily circulation in January slipped 2.4% and Sunday dropped 4.7%.

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