McClatchy Company (MNI) Reports Q4 Loss of $3.52/Share
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McClatchy Reports Fourth Quarter And Full-Year 2018 Results
March 7, 2019 9:02 AM ESTSACRAMENTO, Calif., March 7, 2019 /PRNewswire/ --Â McClatchy (NYSE American-MNI) today reported net loss in the fourth quarter of 2018 of $27.5 million, or $3.52 per share. Results in the fourth quarter 2018 include after-tax non-cash impairments on newspaper mastheads of $20.8 million. In the fourth quarter of 2017, McClatchy reported net income of $61.1 million, or $7.91 per share.
Additionally, the company reported adjusted net loss, which excludes severance, non-cash impairments, unique tax items, and certain other items, in the fourth quarter of 2018 of $0.9 million, compared to adjusted net income of $12.4 million in the fourth quarter of 2017.
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