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Employers cut 533K jobs in Nov., most in 34 years- Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.
- News of a rapidly weakening job market is sending stocks lower in early trading.
Thailand reopens main international airport- Dancers, drummers and apologetic tourism officials greeted travelers Friday at the official reopening of Thailand's main international airport, which was shut down for a week by anti-government protesters.
US general spells out Iraq mission under new pact- A security pact that sets a timetable for troops to leave Iraq requires a shift in how the U.S. carries out combat missions during its remaining time in the country, the top U.S. military commander in Iraq said Friday.
- Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value - about $9 billion - in barely one month, according to an Associated Press analysis. Shares in virtually every bank that received federal money have remained below the prices the government negotiated.
Hill leader says jobs report argues for car rescue- The chairman of the House Financial Services Committee says the new bleak unemployment figures makes helping the nation's beleaguered auto industry even more urgent.
- Barack Obama, who rewrote the book on presidential fundraising, amassed more than $745 million during his marathon campaign, more than twice the amount obtained by his rival, Republican John McCain.
AP Enterprise: Deaths loom over self-defense laws- A convenience store clerk chased down a man and shot him dead over a case of beer this summer and was charged with murder. A week later, a clerk at another Jackson convenience store followed and fatally shot a man he said tried to rob him, and authorities let him go without charges.
- Paul Benedict, the actor who played the English neighbor Harry Bentley on the sitcom "The Jeffersons," has died. He was 70.
Giants' Pierce to meet with NYC investigators- Antonio Pierce is finally going to talk to investigators about what he did on the night Plaxico Burress shot himself.
McClatchy Reports October 2007 Revenues
SACRAMENTO, Calif.
(Map)
-
McClatchy will review its business and strategies in a presentation at the
35th Annual UBS Global Media & Communications Conference at the Grand Hyatt
New York on
Advertising revenue performance at the company's newspapers is summarized in McClatchy's statistical report that follows.
About McClatchy:
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, operating expenses, cash flows, debt levels and
the expected impairment charge related to goodwill and/or long-lived assets,
as well as future opportunities for the company 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 may not consummate
contemplated transactions which may enable debt reduction on anticipated terms
or at all; McClatchy may not achieve its expense reduction targets or may do
harm to its operations in attempting to achieve such targets; McClatchy's
operations have been, and will likely continue to be, adversely affected by
competition, including competition from internet publishing and advertising
platforms; McClatchy's expense and income levels could be adversely affected
by changes in the cost of newsprint and McClatchy's operations could be
negatively affected by any deterioration in its labor relations, 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)
October
Combined
Revenues - Net: 2007 2006 % Change
Advertising
Retail $84,924 $87,138 -2.5%
National 18,055 19,811 -8.9%
Classified Total 62,829 78,172 -19.6%
Automotive 14,831 18,515 -19.9%
Real Estate 18,303 25,921 -29.4%
Employment 20,729 25,351 -18.2%
Other Class 8,966 8,385 6.9%
Direct Marketing 15,635 16,406 -4.7%
Other Adv Rev 159 112 42.0%
Total Advertising $181,602 $201,639 -9.9%
Circulation 26,221 27,860 -5.9%
Other 6,356 8,086 -21.4%
Total Revenues $214,179 $237,585 -9.9%
Memo: Online Only
Advertising Revenue $14,566 $15,185 -4.1%
Advertising Revenues by Market:
California $33,275 $40,992 -18.8%
Florida 27,374 32,249 -15.1%
Texas 18,667 20,448 -8.7%
Southeast 47,813 49,616 -3.6%
Midwest 26,207 27,746 -5.5%
Northwest 20,567 22,863 -10.0%
Other 7,699 7,725 -0.3%
Total Advertising $181,602 $201,639 -9.9%
***The McClatchy Company***
Consolidated Statistical Report
(In thousands, except for preprints)
October
Print Only
Revenues - Net: 2007 2006 % Change
Advertising
Retail $82,518 $85,273 -3.2%
National 17,071 17,580 -2.9%
Classified Total 51,653 67,083 -23.0%
Automotive 12,604 16,626 -24.2%
Real Estate 16,979 24,421 -30.5%
Employment 13,727 18,191 -24.5%
Other Class 8,343 7,845 6.3%
Direct Marketing 15,635 16,406 -4.7%
Other Adv Rev 159 112 42.0%
Total Advertising $167,036 $186,454 -10.4%
Advertising Revenues by Market:
California $31,011 $38,648 -19.8%
Florida 25,730 30,093 -14.5%
Texas 17,351 19,123 -9.3%
Southeast 43,444 45,374 -4.3%
Midwest 23,895 25,391 -5.9%
Northwest 18,609 21,099 -11.8%
Other 6,996 6,726 4.0%
Total Advertising $167,036 $186,454 -10.4%
Advertising Statistics for Dailies:
Full Run ROP Linage 3,147.7 3,541.9 -11.1%
Millions of Preprints Distributed 669.0 669.1 0.0%
Average Paid Circulation:*
Daily 2,772.7 2,880.3 -3.7%
Sunday 3,349.7 3,493.8 -4.1%
* 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)
October Year-to-Date
Combined
Revenues - Net: *Pro Forma As Reported
2007 2006 % Change 2006
Advertising
Retail $708,801 $729,854 -2.9% $437,231
National 150,990 168,627 -10.5% 96,601
Classified Total 613,236 717,946 -14.6% 441,486
Automotive 143,095 170,287 -16.0% 105,089
Real Estate 176,536 223,145 -20.9% 146,818
Employment 215,911 249,420 -13.4% 146,426
Other Class 77,694 75,094 3.5% 43,153
Direct Marketing 129,166 135,742 -4.8% 81,739
Other Adv Rev 1,726 1,385 24.6% 1,372
Total Advertising $1,603,919 $1,753,554 -8.5% $1,058,429
Circulation 235,803 246,168 -4.2% 145,764
Other 61,387 61,718 -0.5% 34,981
Total Revenues $1,901,109 $2,061,440 -7.8% $1,239,174
Memo: Online Only
Advertising Revenue $140,121 $139,031 0.8% $78,294
Advertising Revenues by Market:
California $307,392 $361,787 -15.0% $348,339
Florida 248,702 298,232 -16.6% 112,821
Texas 165,743 178,402 -7.1% 71,251
Southeast 410,321 422,076 -2.8% 253,047
Midwest 222,072 236,487 -6.1% 95,648
Northwest 184,288 190,379 -3.2% 148,711
Other 65,401 66,191 -1.2% 28,612
Total Advertising $1,603,919 $1,753,554 -8.5% $1,058,429
Advertising Statistics for Dailies:
Full Run ROP Linage 18,344.0
Millions of Preprints Distributed 3,571.1
***The McClatchy Company***
Consolidated Statistical Report
(In thousands, except for preprints)
October Year-to-Date
Print Only
Revenues - Net: *Pro Forma
2007 2006 % Change
Advertising
Retail $687,856 $716,381 -4.0%
National 144,619 156,842 -7.8%
Classified Total 500,431 604,173 -17.2%
Automotive 122,631 152,767 -19.7%
Real Estate 163,891 209,694 -21.8%
Employment 141,735 171,680 -17.4%
Other Class 72,174 70,032 3.1%
Direct Marketing 129,166 135,742 -4.8%
Other Adv Rev 1,726 1,384 24.7%
Total Advertising $1,463,798 $1,614,522 -9.3%
Advertising Revenues by Market:
California $285,524 $340,894 -16.2%
Florida 230,846 277,461 -16.8%
Texas 153,885 166,347 -7.5%
Southeast 368,228 383,520 -4.0%
Midwest 200,861 214,775 -6.5%
Northwest 165,595 175,032 -5.4%
Other 58,859 56,493 4.2%
Total Advertising $1,463,798 $1,614,522 -9.3%
Advertising Statistics for Dailies:
Full Run ROP Linage 27,649.9 30,787.3 -10.2%
Millions of Preprints Distributed 5,603.3 5,861.0 -4.4%
Average Paid Circulation:**
Daily 2,736.8 2,835.8 -3.5%
Sunday 3,380.4 3,520.0 -4.0%
* 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.
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