Retail Blues Worsen, Hitting Newspaper Print Advertising Hard

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By last year's holiday shopping season, it was clear that Amazon and similar digital sales options were sucking the lifeblood from department stores and other brick-and-mortar outlets.

The situation has only worsened as 2017 has gone on, leading to a 23 percent year-to-year decline in print advertising at McClatchy Co,. the first of the publicly traded newspaper companies to report third quarter results.

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