McClatchy Company (MNI) Reports Q2 Loss of $2.62
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McClatchy Reports Second Quarter 2018 Results
July 27, 2018 9:00 AM EDTSACRAMENTO, Calif., July 27, 2018 /PRNewswire/ --Â McClatchy (NYSE American-MNI) today reported a net loss in the second quarter of 2018 of $20.4 million, or $2.62 per share. In the second quarter of 2017 McClatchy reported a net loss of $37.4 million, or $4.91 per share.Â
The company reported an adjusted net loss1 of $5.6 million, which excludes severance and certain other items in the second quarter of 2018, compared to an adjusted net loss of $4.1 million in the second quarter of 2017.
Craig Forman, McClatchy's president and CEO, said, "In the 2018 second quarter, newspaper-industry headwinds continued but nonetheless our digital transformation progressed... More
