Wednesday, November 19, 2008

McClatchy Reports October 2008 Revenues

The McClatchy Company today reported that consolidated revenues in October 2008 decreased 17.8% and advertising revenues were down 20.4% compared to revenues in October 2007. The Company noted that the declines in print advertising were partially offset by a 12.4% gain in online advertising revenues in October 2008 compared to October 2007. For the first ten months of the year, total revenues declined 15.5% and advertising revenues declined 17.4%. Online advertising grew 10.9% in the first ten months of 2008.

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