Earnings: KRI CEO Ridder: Digital’s A “Bright Spot” In “Challenging” 1Q06; Online Revenue Up 36.5 Pe

Online operations brought in $51.1 million in revenue for 1Q06, up 36.5 percent from 1Q05. Despite slightly higher revenues, Knight Ridder’s earnings per share dropped to $28.4 million, or $0.42 per share, in 1Q06 from $60.5 million, or $0.79 per share, the previous year due to a sharp increase in interest expense and, in part, the cost of searching for strategic alternatives. No details, no mention of online in the March numbers and no earnings call.
Earnings release | March

Comments have been disabled for this post