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McClatchy Nov. Revenue Drops 9.2 Percent (Dinosaur Media DeathWatch™)
Yahoo Biz ^ | December 20, 2007 | Staff

Posted on 12/20/2007 3:15:11 PM PST by abb

McClatchy November Revenue Slides 9.2 Percent As Classified Ad Spending Slows

SACRAMENTO, Calif. (AP) -- Newspaper publisher McClatchy Co. said Thursday revenue fell 9.2 percent in November, primarily from a sharp drop in classified ads as jobs and real estate listings continue to migrate online. Assuming McClatchy owned a stable of newspapers it acquired from Knight Ridder in both periods, revenue fell 7.9 percent last month. That figure also excludes from the comparison the Minneapolis Star Tribune, which was sold in May.

Advertising revenue on this pro forma basis fell 8.6 percent. Without adjustment, the decline was 9.2 percent.

Classified advertising fell most sharply, shedding 20.3 percent, hurt primarily by a 30.8 percent drop in real estate advertising, which slowed amid the ongoing housing slump.

McClatchy properties include The Miami Herald, The Sacramento Bee and The Charlotte Observer


TOPICS: Business/Economy; News/Current Events
KEYWORDS: advertising; ccrm; dbm; mcclatchy; newspapers

1 posted on 12/20/2007 3:15:12 PM PST by abb
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To: abb

2 posted on 12/20/2007 3:15:45 PM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


3 posted on 12/20/2007 3:16:30 PM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb

Sinking readership and revenue, because of biased and mediocre reporting, is finally taking its toll ....


4 posted on 12/20/2007 3:19:13 PM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76; abb

May it accelerate!


5 posted on 12/20/2007 3:24:27 PM PST by Enterprise (Those who "betray us" also "Betray U.S." They're called DEMOCRATS!)
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To: abb

bwaahahahaha!


6 posted on 12/20/2007 3:26:01 PM PST by lexington minuteman 1775
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To: Enterprise

That company is not long for this world. I give them less than 3 years.


7 posted on 12/20/2007 3:26:35 PM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb

There used to be a web site for dot coms that were in the crash and burn phase. There needs to be one for the media.


8 posted on 12/20/2007 3:41:21 PM PST by PAR35
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To: abb
Image hosted by Photobucket.com

9 posted on 12/20/2007 3:47:12 PM PST by Chode (American Hedonist)
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To: abb
"That company is not long for this world. I give them less than 3 years."

May it be so, please!

10 posted on 12/20/2007 3:50:55 PM PST by Enterprise (Those who "betray us" also "Betray U.S." They're called DEMOCRATS!)
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To: george76

May their epitaph read: “No minor scandal of the Republicans was too small to ignore. No major scandal of the Democrats was too big to ignore.”


11 posted on 12/20/2007 3:57:22 PM PST by Enterprise (Those who "betray us" also "Betray U.S." They're called DEMOCRATS!)
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To: abb

My local rag laid off the chief raging liberal columnist about a month ago. It was part of an early retirement package offered to 20 of the old-timers. I read about it in the ultra-left “alternative” news rag (which, oddly, has a staunch conservative columnist, something the “mainstream” rag doesn’t even have).

The story had a goodbye quote from Mr. raging liberal, something inspirational along the lines of “goodbye, it’s been great working with you all”. He sounded like a wounded duck; I ate it up with a huge smile on my face. In fact, I’m smirking as I write this (can you tell that I really hated that POS?).


12 posted on 12/20/2007 4:09:47 PM PST by randog (What the...?!)
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To: randog

What paper, ‘dog?


13 posted on 12/20/2007 4:13:45 PM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb

www.rgj.com


14 posted on 12/20/2007 4:17:16 PM PST by randog (What the...?!)
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To: randog

Ah yes. Reno Gazette-Journal. Another of the Gannettoids. Perhaps the scummiest newspapers extant. We here in North Louisiana have been infected for years with the Shreveport Times and the Monroe News-Star.


15 posted on 12/20/2007 4:20:36 PM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb

Gazette-Urinal, as it’s fondly referred to here.


16 posted on 12/20/2007 4:21:45 PM PST by randog (What the...?!)
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