CHANGE MY LOCATION
Business and Finance
Business News
Obama moves quickly to fill Cabinet positions- President-elect Barack Obama has moved with unusual speed to select officials for his administration, and senior Democratic officials say he intends to name Timothy Geithner as his treasury secretary as soon as Monday.
Neb. lawmakers OK age limit for safe-haven law- Gov. Dave Heineman signed into law Friday a bill adding a 30-day age limit to a safe-haven law that allowed 35 children - including teenagers as old as 17 - to be abandoned at state hospitals. The law, approved hours earlier by the Legislature in a 45-3 vote, goes into effect Saturday, and makes Nebraska the 14th state with a 30-day age cap. It had been the only state with a safe-haven law without an age limit.
- A college student committed suicide by taking a drug overdose in front of a live webcam as some computer users egged him on, others tried to talk him out of it, and another messaged OMG in horror when it became clear it was no joke. Some watchers contacted the Web site to notify police, but by the time officers entered Abraham Biggs' home - a scene also captured on the Internet - it was too late.
- Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state.
Automakers need to make case for government aid- Democratic leaders ordered Detroit's Big Three automakers Friday to submit what amounts to a detailed loan application to Congress so lawmakers can decide whether to give the beleaguered industry an emergency $25 billion lifeline.
Bush urges countries to avoid protectionism- President George W. Bush, faced with a dwindling number of days in office, was using his final world summit to try to keep a virulent economic crisis from triggering a retreat into protectionism.
Gates would like to add US forces in Afghanistan- Defense Secretary Robert Gates said Friday he would like to add significant U.S. forces to the war in Afghanistan before national elections scheduled for next year, and that grim depictions of backsliding in the seven-year-old war are "far too pessimistic."
Germany drops attempt to ban Scientology- Germany is dropping its pursuit of a ban on Scientology after finding insufficient evidence of illegal activity, security officials said Friday. Domestic intelligence services will continue to monitor the group, officials said. The German branch of the Los Angeles-based Church of Scientology has been under observation by domestic intelligence services for more than a decade. Top security officials asked state governments in December to begin gathering information on whether they had sufficient grounds to seek a ban.
Knicks set themselves up for 2010 with 2 deals- The New York Knicks traded Zach Randolph and Jamal Crawford in separate deals Friday, parting with their two top scorers to free up coveted salary-cap space for the summer of 2010. Crawford was sent to Golden State for forward Al Harrington. Hours later, Randolph was shipped to the Los Angeles Clippers along with reserve guard Mardy Collins for Cuttino Mobley and Tim Thomas.
McClatchy Reports July 2007 Revenues
SACRAMENTO, Calif.
(Map)
-
The McClatchy
Company (NYSE: MNI) today reported that consolidated advertising revenues in
Advertising revenue performance at the company's newspapers is summarized in McClatchy's statistical report that follows.
The McClatchy Company is the third largest newspaper company in the
McClatchy also has a portfolio of premium digital assets. Its leading local websites offer users information, comprehensive news, advertising, e-commerce and other services. The company owns and operates McClatchy Interactive, an interactive operation that provides websites with content, publishing tools and software development. McClatchy operates Real Cities (http://www.RealCities.com), the largest national advertising network of local news websites and owns 14.4% of CareerBuilder, the nation's largest online job site. McClatchy also owns 25.6% of Classified Ventures, a newspaper industry partnership that offers classified websites such as the nation's number two online auto website, cars.com, and the number one rental site, apartments.com. McClatchy is listed on the New York Stock Exchange under the symbol MNI.
Additional Information:
Statements in this press release regarding future financial and operating
results, including revenues and any other statements about management's future
expectations, beliefs, goals, plans or prospects constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. Any statements that are not statements of historical fact (including
statements containing the words "believes," "plans," "anticipates," "expects,"
estimates and similar expressions) should also be considered to be
forward-looking statements. There are a number of important risks and
uncertainties that could cause actual results or events to differ materially
from those indicated by such forward-looking statements, including:
McClatchy's operations have been, and will likely continue to be, adversely
affected by competition, including competition from internet publishing and
advertising platforms; as well as the other risks detailed from time to time
in the Company's publicly filed documents, including the Company's Annual
Report on Form 10-K for the year ended
***The McClatchy Company***
Consolidated Statistical Report
(In thousands, except for preprints)
July
Combined
%
Revenues - Net: 2007 2006 Change
Advertising
Retail $75,249 $76,422 -1.5%
National 14,560 17,971 -19.0%
Classified Total 65,635 77,485 -15.3%
Automotive 15,755 19,612 -19.7%
Real Estate 18,444 24,916 -26.0%
Employment 22,159 24,858 -10.9%
Other Class 9,277 8,099 14.5%
Direct Marketing 13,811 14,938 -7.5%
Other Adv Rev 180 108 66.7%
Total Advertising $169,435 $186,924 -9.4%
Circulation 25,661 26,030 -1.4%
Other 5,576 6,496 -14.2%
Total Revenues $200,672 $219,450 -8.6%
Memo: Online Only
Advertising Revenue $14,498 $13,378 8.4%
Advertising Revenues by Market:
California $32,886 $40,138 -18.1%
Florida 24,577 30,243 -18.7%
Texas 17,557 19,028 -7.7%
Southeast 43,505 44,337 -1.9%
Midwest 23,909 24,944 -4.1%
Northwest 19,847 20,569 -3.5%
Other 7,154 7,665 -6.7%
Total Advertising $169,435 $186,924 -9.4%
***The McClatchy Company***
Consolidated Statistical Report
(In thousands, except for preprints)
July
Print Only
%
Revenues - Net: 2007 2006 Change
Advertising
Retail $73,236 $74,923 -2.3%
National 14,048 16,265 -13.6%
Classified Total 53,663 67,312 -20.3%
Automotive 13,523 17,735 -23.7%
Real Estate 17,084 23,558 -27.5%
Employment 14,423 18,451 -21.8%
Other Class 8,633 7,568 14.1%
Direct Marketing 13,811 14,938 -7.5%
Other Adv Rev 179 108 65.7%
Total Advertising $154,937 $173,546 -10.7%
Advertising Revenues by Market:
California $30,494 $37,793 -19.3%
Florida 22,959 28,658 -19.9%
Texas 16,315 17,969 -9.2%
Southeast 39,167 40,825 -4.1%
Midwest 21,683 22,984 -5.7%
Northwest 17,873 19,053 -6.2%
Other 6,446 6,264 2.9%
Total Advertising $154,937 $173,546 -10.7%
Advertising Statistics for Dailies:
Full Run ROP Linage 3,046.3 3,284.9 -7.3%
Millions of Preprints Distributed 595.4 616.6 -3.4%
Average Paid Circulation:*
Daily 2,583.3 2,666.9 -3.1%
Sunday 3,278.7 3,388.7 -3.2%
* Reflects average paid circulation based upon number of days in period.
Does not reflect ABC reported figures.
***The McClatchy Company***
Consolidated Statistical Report
(In thousands, except for preprints)
July Year-to-Date
Combined
As
*Pro Forma Reported
%
Revenues - Net: 2007 2006 Change 2006
Advertising
Retail $494,480 $507,987 -2.7% $214,949
National 105,775 119,191 -11.3% 47,122
Classified Total 441,973 509,829 -13.3% 233,340
Automotive 101,650 121,562 -16.4% 56,335
Real Estate 128,281 156,622 -18.1% 80,295
Employment 158,042 178,933 -11.7% 75,939
Other Class 54,000 52,712 2.4% 20,771
Direct Marketing 91,276 93,958 -2.9% 40,442
Other Adv Rev 1,231 1,100 11.9% 1,087
Total Advertising $1,134,735 $1,232,065 -7.9% $536,940
Circulation 167,248 173,702 -3.7% 73,297
Other 45,274 42,411 6.8% 15,675
Total Revenues $1,347,257 $1,448,178 -7.0% $625,912
Memo: Online Only
Advertising Revenue $98,482 $96,217 2.4% $35,466
Advertising Revenues by Market:
California $220,598 $254,770 -13.4% $241,322
Florida 179,374 215,653 -16.8% 30,243
Texas 116,743 126,178 -7.5% 19,028
Southeast 286,552 293,669 -2.4% 124,640
Midwest 155,685 165,783 -6.1% 24,944
Northwest 130,319 130,767 -0.3% 89,098
Other 45,464 45,245 0.5% 7,665
Total Advertising $1,134,735 $1,232,065 -7.9% $536,940
Advertising Statistics for Dailies:
Full Run ROP Linage 9,572.1
Millions of Preprints
Distributed 1,732.8
***The McClatchy Company***
Consolidated Statistical Report
(In thousands, except for preprints)
July Year-to-Date
Print Only
*Pro Forma
%
Revenues - Net: 2007 2006 Change
Advertising
Retail $480,035 $499,211 -3.8%
National 102,084 112,877 -9.6%
Classified Total 361,628 428,702 -15.6%
Automotive 87,735 109,514 -19.9%
Real Estate 119,437 147,389 -19.0%
Employment 104,241 122,699 -15.0%
Other Class 50,215 49,100 2.3%
Direct Marketing 91,276 93,958 -2.9%
Other Adv Rev 1,230 1,100 11.8%
Total Advertising $1,036,253 $1,135,848 -8.8%
Advertising Revenues by Market:
California $205,026 $240,113 -14.6%
Florida 166,426 201,048 -17.2%
Texas 108,618 117,763 -7.8%
Southeast 257,049 266,949 -3.7%
Midwest 140,967 150,526 -6.4%
Northwest 117,176 120,335 -2.6%
Other 40,991 39,114 4.8%
Total Advertising $1,036,253 $1,135,848 -8.8%
Advertising Statistics for Dailies:
Full Run ROP Linage 19,440.5 20,705.2 -6.1%
Millions of Preprints Distributed 3,883.2 4,018.7 -3.4%
Average Paid Circulation:**
Daily 2,744.4 2,845.5 -3.6%
Sunday 3,397.8 3,541.4 -4.1%
* Pro Forma includes Knight Ridder acquisitions and excludes
(Minneapolis) Star Tribune newspaper.
** Reflects average paid circulation based upon number of days in period.
Does not reflect ABC reported figures.
|
|
More Business_and_Finance Releases
(KR): Kroger Asks Customers in North Texas and North Louisiana to Check for Recalled Pet Food
(LMT): Norway Recommends Lockheed Martin F-35, Multi-National JSF Partnership Remains Strong
