McClatchy Company (MNI) Reports Decrease in April Revenues

The McClatchy Company (NYSE: MNI) reported that consolidated revenues in April 2008 decreased 14.6% and advertising revenues were down 14.8% compared to revenues in April 2007. The Company noted that the declines in print advertising were partially offset by a 14.3% gain in online advertising revenues in April 2008 compared to April 2007. For the first four months of the year, total revenues declined 14.0% and advertising revenues declined 15.2%. Online advertising grew 11.6% in the first four months of 2008.

The McClatchy Company (McClatchy) is a newspaper company with 30 daily newspapers, approximately 50 non-dailies and direct marketing and direct mail operations located in 29 markets across the United States.[SM]

You May Also Be Interested In

• Gap Inc. names Michael Francis as Old Navy CEO effective November
• Veeva Systems (VEEV) PT Raised to $310 at Needham
• Citi opens 90 day upside catalyst call on Oracle, 'Historic Sell-Off An Opportunity'