Tuesday, April 21, 2009

Earnings Preview: McClatchy faces more ad declines

McClatchy Co., publisher of The Miami Herald, The Sacramento Bee and other daily newspapers, reports first-quarter earnings before the market opens Thursday. ... McClatchy is facing the same dramatic decline in advertising revenue the rest of the newspaper industry is struggling with. And earnings reports from some other major publishers point to a bleak first quarter, with ad dollars dropping off at a pace not seen in decades.

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