International Business News - McClatchy http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif McClatchy Co. and Christian Science Monitor said Monday they will start sharing stories by their foreign correspondents for publication in print and online for a trial three-month period. http://www.ibtimes.com/articles/20081201/mcclatchy-christian-science-monitor-to-share-copy.htm Mon, 01 Dec 2008 16:23:24 EST McClatchy Co., the nation's third largest newspaper chain, said Wednesday that October revenue fell by 17.8 percent as the slump in print advertising continues to weigh on its business. http://www.ibtimes.com/articles/20081119/mcclatchy-october-revenue-falls-17-8-percent.htm Wed, 19 Nov 2008 19:03:15 EST A credit ratings agency on Wednesday downgraded the default and debt ratings of newspaper publisher McClatchy Co., including those that affect $2.1 billion of debt, because of "significant" pressure on revenue that has led to declines in operating cash flow. http://www.ibtimes.com/articles/20081022/fitch-downgrades-mcclatchy-credit-ratings.htm Wed, 22 Oct 2008 16:49:54 EDT Among the earnings stories for Tuesday, Oct. 21, from AP Financial News: NEW YORK (AP)--The McClatchy Co. said Tuesday it recorded a third-quarter profit that beat Wall Street expectations, but the newspaper publisher saw advertising revenue erode more quickly in September. http://www.ibtimes.com/articles/20081021/earnings-roundup-freeport-mcmoran-mcclatchy.htm Tue, 21 Oct 2008 14:36:35 EDT Newspaper publisher McClatchy Co. said Tuesday that declines in its advertising revenue picked up pace in September as the ad market took a beating from the ongoing credit crunch and other economic woes. http://www.ibtimes.com/articles/20081021/mcclatchy-saw-worst-ad-drop-all-year-last-month.htm Tue, 21 Oct 2008 10:49:38 EDT The McClatchy Co. said Tuesday it recorded a third-quarter profit that beat Wall Street expectations, but the newspaper publisher saw advertising revenue erode faster in September than earlier in the year. http://www.ibtimes.com/articles/20081021/mcclatchy-swings-to-3q-profit-on-accounting-change.htm Tue, 21 Oct 2008 18:44:13 EDT McClatchy Co., the owner of The Miami Herald, The Sacramento Bee and other newspapers, reports earnings for the third quarter before the market opens Tuesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20081020/earnings-preview-mcclatchy-co-3q-earnings.htm Mon, 20 Oct 2008 10:22:08 EDT A Goldman Sachs analyst said Monday that McClatchy Co.'s new debt agreement with lenders will give the newspaper publisher more wiggle room for the next two years as it deals with slowing ad sales. http://www.ibtimes.com/articles/20080929/analyst-mcclatchys-debt-deal-provides-some-space.htm Mon, 29 Sep 2008 07:44:34 EDT Newspaper publisher McClatchy Co. said Friday it has renegotiated its agreement with lenders to gain flexibility, winning concessions that help the company avoid a potential default as advertising revenue continued falling. http://www.ibtimes.com/articles/20080926/mcclatchy-forges-new-agreement-with-lenders.htm Fri, 26 Sep 2008 19:24:51 EDT Moody's Investors Services cut some of McClatchy Co.'s debt ratings Thursday, citing ongoing softness in advertising sales. The Sacramento, Calif.-based company, which publishes The Sacramento Bee and The Miami Herald, said Wednesday it will slash 1,150 jobs due to its ad woes. It is the second major round of reductions in three months, as the company previously announced in June that it would trim 1,400 full-time jobs. http://www.ibtimes.com/articles/20080918/moodys-lowers-certain-mcclatchy-ratings.htm Thu, 18 Sep 2008 07:50:45 EDT McClatchy Co.'s stock rose Wednesday after the newspaper company said it would slash 1,150 jobs due to ongoing advertising revenue woes. The Sacramento, Calif.-based company, which publishes The Sacramento Bee and The Miami Herald, anticipates half of the cuts will come through voluntary buyouts and attrition and the remainder through layoffs. http://www.ibtimes.com/articles/20080917/mcclatchy-falls-as-more-job-cuts-announced.htm Wed, 17 Sep 2008 19:30:29 EDT The McClatchy Co. said Tuesday that its advertising revenue declined nearly 18 percent in August over last year, the latest in a string of disappointing monthly reports from one of the nation's leading newspaper publishers. http://www.ibtimes.com/articles/20080916/mcclatchy-says-aug-ad-revenue-down-nearly-18-pct.htm Tue, 16 Sep 2008 17:54:08 EDT The McClatchy newspaper company announced its second major round of job cuts in three months Tuesday and blamed a sour advertising environment in trimming its payroll by 10 percent. http://www.ibtimes.com/articles/20080916/mcclatchy-to-cut-1-150-jobs-10-pct-of-work-force.htm Tue, 16 Sep 2008 20:57:22 EDT Newspaper publisher McClatchy Co. said Wednesday revenue dropped 16.4 percent in July, hurt by continued classified advertising declines. Total revenue fell to $167.8 million from $200.7 million in the prior-year period. http://www.ibtimes.com/articles/20080820/mcclatchy-july-revenue-dips-on-classified-ad-sales.htm Wed, 20 Aug 2008 09:25:09 EDT McClatchy Co., the second-largest U.S. newspaper publisher, is freezing pay across the company for a year starting Sept. 1 in the latest effort to hold down costs. http://www.ibtimes.com/articles/20080814/mcclatchy-institutes-company-wide-pay-freeze.htm Thu, 14 Aug 2008 17:35:35 EDT McClatchy Co. wrote down the book value of its stake in Classified Ventures LLC, indicating the online ad initiative begun as a way of capturing lost ad sales is stumbling. http://www.ibtimes.com/articles/20080811/mcclatchy-cuts-value-of-classified-ventures-stake.htm Mon, 11 Aug 2008 15:14:48 EDT Among the earnings stories for Thursday, July 24, from AP Financial News: NEW YORK (AP)--Newspaper publisher McClatchy Co.'s second-quarter earnings tumbled 44 percent as ad revenue continued to shrink in its key markets. http://www.ibtimes.com/articles/20080724/earnings-roundup-mcclatchy-charlotte-russe.htm Thu, 24 Jul 2008 14:28:39 EDT Newspaper publisher McClatchy Co.'s second-quarter earnings tumbled 44 percent as ad revenue continued to shrink in its key markets. McClatchy, whose papers include the Miami Herald and Sacramento Bee, said Thursday the market for ad spending will not improve until the current economic slump abates. http://www.ibtimes.com/articles/20080724/mcclatchy-2q-profit-drops-on-lower-ad-revenue.htm Thu, 24 Jul 2008 11:20:18 EDT McClatchy Co. reports second-quarter earnings Thursday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: McClatchy is expected to report sharply lower profit and revenue in the quarter ended June 30. It is battling declines in ad spending as advertisers follow readers online. A marked increase in newsprint costs is also pressuring margins. http://www.ibtimes.com/articles/20080722/earnings-preview-mcclatchy.htm Tue, 22 Jul 2008 15:00:23 EDT McClatchy Co. shares fell sharply after Deutsche Bank downgraded the company on concerns that higher newsprint costs and lower revenue expectations will hurt earnings. http://www.ibtimes.com/articles/20080701/mcclatchy-shares-tumble-after-deutsche-downgrade.htm Tue, 01 Jul 2008 18:46:49 EDT