McClatchy, the newspaper publisher which is buying Knight Ridder, posted Q1 results that were well below analysts’ expectations…it earned $27.7 million for Q1, down 14 percent from $32.3 million in the same period a year ago. Revenues edged up 0.4 percent to $282 million from $280.9 million, with advertising revenues rising 1.4 percent while circulation revenues declined 4.5 percent.
On the online side, online ad revenues were 30.1% in Q1, but no other color. More details on earnings in the release.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post