From our we-kill-ourselves-so-you-don’t-have-to department, the mind-numbing details of some recently filed 10-Qs:
– McClatchy: Certain McClatchy (NYSE: MNI) internet properties are in decline. Last month, the company confirmed that it was selling its stake in ShopLocal to Gannett (NYSE: GCI), and as we noted, the transaction marked a sharp decline in that unit’s value. In its 10-Q filed this evening, the company also books a fairly hefty decline in the value of its Classified Ventures stake. It now values its 25.6 percent of Classified Ventures at $86.5 million, down from $97.2 million.
– Hollywood Media: Hollywood Media (NSDQ: HOLL) is still looking at sale options…from its 10-Q filed today, along with its earnings report, this bit on its continuing “strategic review” process: “While we continue to develop our businesses, as previously reported we have resumed our strategic review process which may help us realize the full value of our assets in the interest of our shareholders. In prior years, our strategic review process resulted in the sales of our Baseline/StudioSystems and Showtimes businesses in 2006 and 2007, respectively. We continue to explore opportunities for generating returns for Hollywood Media