McClatchy, which counts 30 daily newspapers and numerous weeklies among its holdings, saw ad revenues in 1Q of 2011 plunge 11 percent, while circulation decreased by 5 percent compared to a year ago. Layoffs at McClatchy papers such as The Sacramento Bee and The Ft. Worth Star-Telegram have been chronicled in this blog (see "TUOL" posts 2/9/11, 2/1/11).
Tuesday, April 26, 2011
McClatchy Co. Reports 1Q Earnings Decline
McClatchy, which counts 30 daily newspapers and numerous weeklies among its holdings, saw ad revenues in 1Q of 2011 plunge 11 percent, while circulation decreased by 5 percent compared to a year ago. Layoffs at McClatchy papers such as The Sacramento Bee and The Ft. Worth Star-Telegram have been chronicled in this blog (see "TUOL" posts 2/9/11, 2/1/11).
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