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McClatchy Newspapers has a liquidity challenge –
Our local newspapers are in a cash squeeze!

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“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

Posted by Steve on November 15, 2019 at 12:05 am | Permalink

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