InfoAnda - More red ink for McClatchy

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.S., Japan stage joint drill amid regional tensions | 3 December 2010
SKorean convicted of marital rape in landmark case | 16 January 2009
Indian economy seen growing 8.6 percent in 2010-11 | 7 February 2011

2 Americans killed in copter crash in Afghanistan | 22 July 2010

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: More red ink for McClatchy AFP - Friday, April 24 WASHINGTON (AFP) - - McClatchy Co. reported a quarterly net loss of 37.7 million dollars on Thursday as a drop in both print and digital advertising revenue sent the third-largest US newspaper chain deeper into the red. ADVERTISEMENT McClatchy, which owns the Miami Herald, Sacramento Bee and 30 other daily newspapers, said advertising revenue in the first quarter was down 29.5 percent from the same quarter a year ago to 284.7 million dollars. Overall revenue for the Sacramento, California-based company, which posted a net loss of 993,000 dollars in the first three months of last year, fell 25.1 percent in the first quarter of this year to 365.6 million dollars. Circulation revenue improved slightly on higher prices -- up 0.9 percent to 68.5 million dollars. Like other US newspaper chains, McClatchy has been grappling with a steep drop in print advertising revenue, steadily declining circulation and the migration of readers to free news online. While a drop in print advertising revenue for the quarter had been expected, McClatchy said online advertising revenue also fell. Digital advertising revenue declined 4.7 percent in the first quarter, dragged down by a steep slide in employment advertising. It said that if help-wanted ads were excluded, digital revenue grew by 28.7 percent. "As anticipated, our advertising revenues in the first quarter of 2009 were weaker than the fourth quarter of 2008 and reflect the widening economic recession," McClatchy chairman and chief executive Gary Pruitt said. "The impact of the downturn had largely been limited to print advertising in 2008, but in the first quarter of 2009 it began to have a greater effect on digital advertising as well," he added in a statement. "Still, all categories of digital advertising are outperforming print advertising," Pruitt said, adding that digital advertising represented 15.3 percent of total advertising revenue, up from 11.6 percent last year. Besides its 30 daily newspapers, McClatchy also owns 50 non-dailies and a number of websites, including a share of online job site CareerBuilder. McClatchy last month announced plans to eliminate 1,600 jobs, or 15 percent of its workforce, because of falling advertising revenue and the weak economy. McClatchy shares lost nearly five percent on the New York Stock Exchange on Thursday following the earnings announcement and were trading at 53 cents. McClatchy was informed by the NYSE last week that it may be delisted because of its low share price. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Technology Boom times ahead for mobile Web accessAFP - Friday, April 24 YouTube lets users see what friends are watchingAFP - Friday, April 24 Microsoft profits dive 32 pct to $3 bln dollarsAFP - Friday, April 24 Cost cuts help tech giants ride out weak economyReuters - Friday, April 24 Amazon net profit up, Kindle sales praisedAFP - Friday, April 24 Enlarge Photo McClatchy Co. reported a quarterly net loss of 37.7 million dollars on Thursday as a drop in both print and digital advertising revenue sent the third-largest US newspaper chain deeper into the red. Most Popular – Technology Viewed IMF sees deeper 2009 decline, weak 2010 IMF says world in recession, auto giants flop Fertility doctor on brink of cloning human: report Credit Suisse ends losing streak in first quarter Charred meat linked to pancreatic cancer risk View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Friday, 24 April 2009
Heavy army presence chafes in Mexico drug war city | International |
Iran warns U.N.'s Ban against double standards | International |
Somalia wins funds, opposition leader vows unity | International |
Italy police nab Germans who left kids at pizzeria | International |
Microsoft profit falls, sees more weakness | Technology |
IBM plans cloud computing services for 2009 | Technology |
Yahoo pulls the plug on GeoCities | Technology |
German GEMA in talks with YouTube on video dispute | Technology |
Beyonce says definitely wants Broadway role | Entertainment |
Woody Allen returns to NY to open Tribeca festival | Entertainment |
Idol Anoop Desai ditches grad school for music | Entertainment |
Heart, Bedingfield perform at ASCAP pop awards | Entertainment |
Tribeca film examines Cuba's lost son of baseball | Entertainment |
ELO rocker Jeff Lynne working slowly on solo album | Entertainment |
South Africans celebrate as Zuma, ANC lead poll | International |
Suicide attacks kill 76 in Iraq
Pakistani Taliban says withdrawing from Buner | International |
Blasts kill 78 in Iraq's bloodiest day in a year
Suicide attacks kill 76 as Iraq reports arrest | International |
AP IMPACT: Secret tally has 87,215 Iraqis dead
Venezuela says Interpol has warrant for Chavez foe | International |
Gas summit in Sofia despite Putin boycott
Iraq says Qaeda boss captured as dozens killed
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Tigers resisting calls to surrender: S.Lanka military
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US shares 'common purpose' at G8 climate talks
France to close squatter camp for migrants
Thailand lifts emergency, seeks charter revamp | International |
Obama vows reform of credit card market
Real estate downturn boosts Morocco slum clearance | International |
IOC says London 2012 venues 'on right track'
China confirms Japan summit, downplays shrine row | International |
Credit Suisse ends losing streak in first quarter
Peru's Fujimori appeals human rights conviction | International |
Fiat posts losses, rules out Chrysler investment
US home sales drop 3%
US shares 'common purpose' at G8 climate talks
US delivers message of urgency on climate change
Blagojevich comes to L.A. to plug reality show
Boom times ahead for mobile Web access
Ashley Judd urges Congress to fight global warming
Mom accused of killing child after fake kidnapping
YouTube lets users see what friends are watching
Microsoft cuts costs, says Windows 7 on track | Technology |
Ex-Nazi guard fit to be deported: US officials
Taiwan says to spend $1.33 bln on green energy
Microsoft profits dive 32 pct to $3 bln dollars
3 small quakes rattle California's Orange County
Cost cuts help tech giants ride out weak economy
ACLU: Pentagon to release images of prisoner abuse
Cost cuts help tech giants ride out weak economy | Technology |
Amazon net profit up, Kindle sales praised
Turkmenistan defends right to diversify gas exports
Apple apologizes for iPhone 'Baby Shaker' game
Recent Justice Dept. videos show Demjanjuk walking
abandoning GeoCities
Donors raise $213 mln for Somalia: communique
Israel risks losing Arab support against Iran: Clinton
Yahoo pulls the plug on GeoCities
Russia ready to slash nuclear arsenal: general
Mich. men charged with burning buttocks of boy, 6
More red ink for McClatchy
Boy suspect's family blames 7-year-old in death
German GEMA in talks with YouTube on video dispute
Calif. approves nation's 1st low-carbon fuel rules
Nokia CEO: too early to call bottom of phone demand
Bomb in Afghan capital kills police officer
Japan pop star freed after arrest over indecency
Taiwan's president upbeat ahead of China talks
Taiwan and China to increase economic cooperation
2 US journalists set to stand trial in N. Korea
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'No need' for nuke talks, NKorea tells Russia
Beyonce thriller Obsessed leads new releases | Entertainment |
Thai prime minister lifts state of emergency
US Marine leaves Philippines after rape acquittal
Land mine blast kills 5 polling officials in India
Elton John, McCartney hit by economic crisis: rich list | Entertainment |
JAL, ANA say may scrap fuel surcharges
Pressure grows on S.Lanka for ceasefire with rebels
Twilight role at stake in German reality show | Entertainment |
Samsung says first quarter profit plummets
Battle of the Bulge director Annakin dies at 94 | Entertainment |
Oz Minerals sells Indonesian gold, silver project
HSBC closes equity business in Japan
Tarantino back in Cannes with Almodovar, Campion | Entertainment |
Seoul shares retreat as Samsung Elec, Hynix fall
South Korea stimulus puts recession on hold
Pakistani c.bank sells 15 bln rupees of T-bills
Toyota's incoming president to race Lexus
G7, G20 meet to 'follow-up' on London summit
"Twilight" role at stake in German reality show
Kia Motors reports $73 mln net profit for Q1
Reggaeton star Flex wins 8 Latin Billboards
List of key winners at 40th Annual Dove Awards
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Beyonce thriller "Obsessed" leads new releases
Miss Calif. receives strong support at Dove Awards
Jay Leno misses first "Tonight Show" in 17 years
3rd 'Twilight' film director selected
Indian police end probe of 'Slumdog' star's dad
"Battle of the Bulge" director Annakin dies at 94
Twin suicide attacks kill 55 near Baghdad shrine
North Korea to boycott nuclear talks: Russia | International |
Russia's Medvedev sacks military spy chief | International |
Toll from bombs at Baghdad shrine reaches 60 dead
Downturn hits Elton John, Paul McCartney
Left to win vote in crisis-hit Iceland | International |
Baghdad shrine blast kills 30
UK economy shrinks at fastest rate since 1979
US seeking Chrysler bankruptcy plan: reports
India presses for Sri Lanka truce as casualties rise | International |
No talks unless peacekeepers quit Somalia: opposition | International |
Pillay blasts disinformation around U.N. race meeting | International |
Former VP Gore endorses House global-warming bill
Microsoft still sees potential in Yahoo partnership | Technology |
Former VP Gore endorses House global-warming bill
Rocky start for fledgling online news ventures
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NY adviser indicted in $413 million Ponzi scheme
Deadly outbreak of swine flu in US, Mexico
Stocks open higher as Ford results top view
Thieves steal Mass. Little League's equipment
Russia sacks military intelligence chief
US worried about recent Taliban moves in Pakistan
Ford posts $1.4 billion 1Q loss, burns less cash
World Bank: Globe bracing for more poverty
Home Depot garden center becomes young owl's home
Elton John, McCartney hit by economic crisis: rich list | Entertainment |
Japan pop star free after naked arrest
Paintings attributed to Hitler fetch $143,000 | Entertainment |
North Korea to boycott nuclear talks
No concessions to Pakistan militants: army chief
Malaysia vows action on Myanmar human trafficking
Thais who rioted last week call for new protests
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NZ climate scientist fired for unapproved comments
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Thailand lifts state of emergency
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