BNET Industries
McClatchy Co. (MNI) is in the Media Industry
- Revenue
- Dec 30 2007
- $2.2B
- Profit
- Dec 30 2007
- ($2.7B)
- Market Cap
- Jul 07 2008
- $313.2M
Latest News and Analysis
Number of Newspaper Analysts Dwindles
By Robert MacMillan NEW YORK (Reuters) - Want to buy newspaper stocks? You should see an analyst. Trouble is there aren't many around anymore. As the valuations of U.S. newspaper publishers plunge and investor interest wanes, the ranks of stock analysts who rate...
Newspapers 'Rightsizing'? More Like Frightsizing
Ken Doctor submits: The news is out: Newspaper companies can no longer afford reporters and editors. Yesterday's L.A. Times announcement is the latest to catch a news cycle of public attention. As well it should. A 17% cut -- 150 newsroom jobs -- is an unnatural disaster. It's the...
L.A. Times to Cut 250 Jobs, 150 in Editorial
By Dan Whitcomb LOS ANGELES (Reuters) - The Los Angeles Times will slash 250 jobs, including 150 in the newsroom, and trim its published pages by 15 percent in an effort to save money in the face of declining revenues, the newspaper said...
The Latest Nail In Newspapers' Coffin: Outsourcing
Julia Boorstin submits: The newspaper business has been struggling to reinvent itself to compete. Now the Orange County Register is trying a new way to cut costs: outsourcing to India. Mindworks Global Media will copy edit some of the papers' stories for a one-month trial starting next week. And...
Junk-Bond Defaults Continue Apace - Moody's
Research Recap submits: Junk bond ratings continued on a downward trend in May and look set to continue as the number of companies with Moody’s lowest speculative grade liquidity rating matched the peak seen since such ratings were introduced in 2002. Consumer-spending slowdown and higher prices for...
Yahoo and the Newspaper Publishers: Playing with Fire
Ken Doctor submits: As Yahoo YHOO burns, the newspaper industry watches, hoping it won't get singed. The Google/Yahoo search ad agreement has drawn lots of comments over the past couple of weeks, but its impact on newspaper consortium members has gotten little attention. The deal itself, if implemented,...
Why Newspapers Must Embrace RSS
Felix Salmon submits: Last week, Research Recap featured a Forrester study entitled "The Fragmentation of Yesterday's Newspaper". A mention of RSS feeds piqued my interest, and Forrester was kind enough to send me a copy today. The conclusions of the report are, I...
McClatchy's Guantanamo Series: Timely Point Amid Cutbacks
Ken Doctor submits: There are two kinds of newspaper stories these days. One kind is the old-fashioned one that tell us something we don't know. The others --- now feeding on themselves in near-frenzy -- tell us about the unabated decline of the newspaper trade itself. Sometimes,...
McClatchy Update: "I Can't Say We Have Bottomed Yet"
The extent of the job losses at various papers owned by McClatchy Co. around the country is becoming clearer the day after the company announced an across-the-board workforce reduction of 10 percent. The Sacramento Bee is eliminating 86 jobs, or 8.1 percent of its staff. This figure...
AP Hands Local and National News Sites an Opportunity to Get Links and Traffic
The Associated Press is facing a blog firestorm after issuing take down notices to Drudge Retort for linking to and reproducing snippets of AP stories. AP is now attempting to define how their stories can be linked to and excerpted — and the response from the blogosphere appears to be...
Newspapers' 'Near Death Spiral,' Courtesy Web 2.0
Research Recap submits: Just as newspapers start to figure out how to make some revenue via the Internet, Web 2.0 is changing the rules and further fragmenting their diminishing audiences. Forrester Research details the impact that blogs and RSS feeds are having on newspapers in a...
McClatchy CEO Sees No Bottom For Newspapers
NEW YORK (Reuters) - The U.S. newspaper business still has not seen the bottom of a persistent deterioration in advertising revenue, and growing Internet revenue will not compensate for the declines, McClatchy Co MNI Chief Executive Gary Pruitt said on Monday....
LA Times' Madness Is Brand Suicide
Ken Doctor submits: I'd like to read the Los Angeles Times manual on "how to deal with difficult situations." Though it's never been made public, it's clear it's been infiltrated by those disseminating disinformation. The result: no matter what seems to happen at the Times in the last several...
Newspapers: Can Less News Create Higher Margins?
Julia Boorstin submits: There's no question the newspaper business is in trouble. The question IS: Can Sam Zell, chairman of the Tribune Company, build a profitable business in an industry that's in decline? Last week, Zell announced his plan to slash 500 pages of news from the company's dozen...
What Magazines Don?t Understand About the Web
Since I already drilled a nerve with What Newspapers Still Don’t Understand About The Web, which is on its way to becoming one of my most linked posts ever — and since everyone loves a sequel — I thought I would do a follow up for magazines. The lessons, of...
Memo to Print: It?s the Multiples
Ashkan Karbasfrooshan submits: Back in March 2007, I penned Stop the Newspaper Obituary, Please, commenting that in essence, yes the print business is shrinking, but that the main culprit was the price-to-sales and price-to-earnings multiples that print businesses were fetching. In fact, back then (roughly 13 months ago),...
Print Is Toast - Ballmer
Erick Schonfeld submits: Microsoft MSFT CEO Steve Ballmer sat down for lunch with editors and reporters at the Washington Post and told them print will be dead in ten years: There will be no media consumption left in ten years that is not delivered over an...
Microsoft's Ballmer Kills Print
Jeff Jarvis submits: In an interview with the Washington Post, Steve Ballmer goes a bit farther than even I would go killing print. But that’s the problem; that’s the way print people look at it. What he’s really saying is that delivery over IP will have so much greater...
Ballmer on Newspapers: Wrong Again
Mathew Ingram submits: There’s lots of buzz out there about how Microsoft MSFT supremo Steve Ballmer figures the newspaper will be dead in 10 years — oh yes, and magazines too. Here’s what he said to the Washington Post: Here are the premises I have. Number one, there...
The McClatchy Company Q1 2008 Earnings Call Transcript
The McClatchy Company Q1 2008 Earnings Call Transcript
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- Incorporated: 1930
- CEO: Mr. Gary B. Pruitt
McClatchy is engaged in the publication of newspapers and related websites. As at Dec 31 2007, Co. owned 30 daily newspapers, approximately 50 non-dailies and direct marketing and direct mail operations in 29 markets across the U.S. Co.-owned newspapers include, among others, The Miami Herald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer, and The (Raleigh) News & Observer. Co. also operates local websites in each of its markets which complement its newspapers and extend its audience reach in each market. Its local websites offer users information, news, advertising, e-commerce and other services.
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McClatchy Co. Company Info
Board of Directors
Mr. Gary B. Pruitt
Chairman
Ms. Joan F. Lane
Mr. Brown McClatchy Maloney
Mr. Kevin S. McClatchy
Mr. William B. McClatchy
Dr. Theodore Reed Mitchell
Ms. Elizabeth Ballantine
Ms. Kathleen Foley Feldstein
Mr. S. Donley Ritchey Jr.
Mr. Frederick R. Ruiz
Mr. Leroy T. Barnes Jr.
Mr. William K. Coblentz
Ms. Molly Maloney Evangelisti
Mr. R. Larry Jinks
Contact Information
2100 Q Street
Sacramento, CA
916 321-1846
NAICS Code
Newspaper Publishers: 511110
