- Editor’s note: With the recent news that the parent company of the Nisqually Valley News, LaFromboise Communications, has had a leadership shake-up and consolidated staff and functions, plus The Olympian, owned by McClatchy Newspapers, cutting a Saturday print edition, our local newspapers are under intense monetary stress. We can not afford to have a reduction in local news publications! McClatchy Newspapers owns The Olympian, Tacoma News-Tribune, and 49.5% of The Seattle Times.
“Newspaper publisher McClatchy warns of ‘liquidity challenge’”
“McClatchy stock plunges on large Q3 loss and revenue drop”
“Revenue fell 12% to $167.4 million, as advertising revenue declined 19% to $76.8 million and audience revenue dropped 6.8% to $78.3 million. The company has recorded a year-over-year decline in revenue for every quarter since it last reported growth in the fourth quarter of 2012.
“Daily average total circulation fell 8.0% to 960,700 and Sunday average total circulation declined 19.0% to 1.31 million. Average monthly unique visitors slipped 6.9%, while digital-only subscriptions increased 45.4% to about 199,200.
“McClatchy’s stock has plummeted 68.4% over the past 12 months,” by Tomi Kilgore, Market Watch. Read more