McClatchy Reports Second Quarter 2018 Results
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McClatchy Company (MNI) Reports Q2 Loss of $2.62
July 27, 2018 9:06 AM EDTMcClatchy Company (NYSE: MNI) reported Q2 EPS of ($2.62), versus ($1.36) reported last year. Revenue for the quarter came in at $204.3 million versus the consensus estimate of $203.59 million.
Craig Forman, McClatchy\'s president and CEO, said, "In the 2018 second quarter, newspaper-industry headwinds continued but nonetheless our digital transformation progressed despite these industry challenges. We saw many areas of sequential improvement: our total digital advertising revenues were up almost 8%, while our digital-only advertising revenues grew more than 20%. In the first quarter of 2018 we achieved a milestone in our digital transformation that was repeated in the second quarter:... More
