McClatchy Company (MNI) Posts Q2 Loss of $1.89/Share

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Go back to McClatchy Company (MNI) Posts Q2 Loss of $1.89/Share

McClatchy Reports Second Quarter 2016 Results

July 21, 2016 9:03 AM EDT

SACRAMENTO, Calif., July 21, 2016 /PRNewswire/ -- McClatchy (NYSE-MNI) today reported a net loss in the second quarter of 2016 excluding certain items (adjusted loss), of $1.5 million, a $1.6 million decline from the second quarter of 2015.

On a GAAP basis, the company reported a net loss in the second quarter of 2016 of $14.7 million, or $1.89 per share. In the second quarter of 2015, the company reported a net loss of $296.5 million, or $33.91 per share, which included a non-cash impairment of goodwill and other intangible assets of $300.4 million. 

Pat Talamantes, McClatchy's president and CEO, said, "As we look... More

Majority of U.S. Workers Think Traditional 9-to-5 is a Thing of the Past, Finds New CareerBuilder Survey

July 21, 2016 12:05 AM EDT

CHICAGO, July 21, 2016 /PRNewswire/ -- A typical work day historically involved eight consecutive hours of effort for full-time workers, but today, most don't stop working when the clock hits 5 p.m. According to a new survey from CareerBuilder, nearly 3 in 5 workers (59 percent) believe the traditional 9-to-5 work day is a thing of the past. Forty-five percent of workers say they complete work outside of office hours; and 49 percent say they check or answer emails when they leave... More