McClatchy swings to loss as revenues fall [Seeking Alpha]
MCCLATCHY (MNI)
Last mcclatchy earnings: 11/13 09:00 am
Check Earnings Report
US:NYSE Investor Relations:
mcclatchy.com/investors
Company Research
Source: Seeking Alpha
McClatchy swings to loss as revenues fall - The McClatchy Company (NYSEMKT:MNI) | Seeking Alpha Earnings | On the Move McClatchy swings to loss as revenues fall Mar. 7, 2019 1:28 PM ET The McClatchy Company (MNI) Jason Aycock McClatchy ( -2% swung to a loss Adjusted net loss was $0.9M vs. year-ago income of $12.4M. ON a GAAP basis, the loss was $27.5M, affected by after-tax noncash impairments on newspaper mastheads of $20.8M. McClatchy made "significant progress in our digital transformation," says CEO Craig Forman. Digital-only subscribers grew 51% Y/Y and 13.5% Q/Q, the 11th straight quarter of growth. The company expects to see growth in total digital revenues (advertising and audience), while print ad revenues are expected to decline. Digital-only ad revenues should pass newspaper print advertising this year, it says. Real estate sales will continue into this year, with equal or greater gross proceeds compared to 2018. Capex is forecast at $6M-$9M and there's a pension contrib
Show less
Read more
Impact Snapshot
Event Time:
MNI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MNI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MNI alerts
High impacting MCCLATCHY news events
Weekly update
A roundup of the hottest topics