Opening Glance: Media Companies shares mostly rise

McClatchy shares dropped 69 cents, or 7.8 percent, to $8.18 in morning trading, after hitting a 52-week low of $8.16 earlier in the session.

Those in the industry with a large online presence may have gotten a boost from Yahoo Inc.'s results, after the Internet company said its first-quarter profit more than tripled over last year's quarter. Yahoo stock slipped, as its results did not help its case seeking a higher takeover bid from Microsoft.

Here's how some other major media companies were performing Wednesday morning:

News Corp., down 11 cents to $18.39.

Walt Disney Co., up 17 cents to $31.46.

Time Warner Inc., up 8 cents to $14.72.

Viacom Inc., up 13 cents to $39.37.

New York Times, up 3 cents to $19.64.