Saturday, September 12, 2009

McClatchy Company - On the Long Road to Recovery

McClatchy, an owner of 30 daily newspapers including the Sacramento Bee, Forth Worth Star-Telegram and Miami Herald, has seen its shares crash since 2007 on plummeting circulation, falling ad rates and a heavy debt load resulting from its ill-timed acquisition of Knight Ridder. After peaking in the mid-$70s in 2005, McClatchy shares touched a low of $0.35 in March 2009.

The company has been on the mend, however, aggressively lowering costs and boosting its online presence.

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