Entries tagged "McClatchy Co."
McClatchy will announce third-quarter earnings on Thursday.
With six newspaper publishers already in bankruptcy this year, earnings reports from E.W. Scripps and A.H. Belo indicate that at least two more could join them.
McClatchy registered a net loss of $37.5 million in the first quarter, and there seems to be no relief in sight.
Investment banking isn't the only industry under siege in the U.S. economy; daily newspapers are flatlining as well. The New York Sun, for example, will print its last edition Tuesday after burning through $80 million in its six and a half years of existence. The conservative broadsheet struggled from the onset, going through a reported $1 million a month. ...
