The McClatchy Company (MNI) Reports Decline in July Revenues

The McClatchy Company (NYSE: MNI) reported that consolidated advertising revenues in July 2007 decreased 9.4% and total revenues were down 8.6%. Year-to-date advertising revenues declined 7.9% and total revenues were down 7.0% on a pro forma basis (including the addition of newspapers purchased in the Knight Ridder acquisition and excluding the Minneapolis Star Tribune newspaper in the first six months of 2006).

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