Last $4.50 USD
Change Today -0.06 / -1.32%
Volume 183.8K
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As of 12:31 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

mcclatchy co-class a (MNI) Key Developments

The McClatchy Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

The McClatchy Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported second quarter 2014 income from continuing operations of $91.6 million, or $1.03 per diluted share compared to income from continuing operations in the 2013 second quarter of $11.0 million, or $0.13 per diluted share. McClatchy's adjusted income from continuing operations was $2.8 million against $10.3 million a year ago. Income from continuing operations, adjusted for similar items, was $10.3 million in the second quarter of 2013. Net income in the second quarter of 2014, including the impact of discontinued operations, was $89.9 million, or $1.02 per diluted share, compared to $11.8 million, or $0.14 per diluted share, in the second quarter of 2013. Total revenues in the second quarter of 2014 were $292.0 million, down 3.2% from $301.608 million compared to the second quarter of 2013. Operating cash flow was $55.3 million in the second quarter of 2014, down 17.9% compared to the second quarter last year. Operating income was $27,307,000 against $30,157,000 a year ago. Income from continuing operations before taxes was $147,263,000 against $18,328,000 a year ago. Total revenues for the first six months of 2014 were $572.6 million, down 3.0% from $590.245 million reported in the first six months of 2013. Income from continuing operations for the first six months of 2014 was $75.6 million, or $0.85 per diluted share, compared to a loss from continuing operations in first six months of 2013 of $2.2 million, or $0.02 per diluted share. Net income for the first six months of 2014, including the impact of discontinued operations, was $74.1 million, or $0.84 per diluted share, compared to a loss of $1.0 million, or $0.01 per diluted share, for the first six months of 2013. The company recorded a loss from continuing operations for the first six months of 2014, excluding the net impact of certain items discussed below, of $3.4 million against income of $9,149,000 a year ago. Income from continuing operations for the first six months of 2013, when adjusted for similar items, was $9.1 million. Operating cash flow from continuing operations was $93.8 million for the first six months of 2014, down 21.6% compared to the first six months of 2013. Operating income was $22,609,000 against $49,974,000 a year ago. Income from continuing operations before taxes was $118,777,000 against loss of $919,000 a year ago.

The McClatchy Company to Report Q2, 2014 Results on Jul 24, 2014

The McClatchy Company announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 24, 2014

The McClatchy Company, Q2 2014 Earnings Call, Jul 24, 2014

The McClatchy Company, Q2 2014 Earnings Call, Jul 24, 2014

The McClatchy Company Reports Earnings Results for the First Quarter Ended March 30, 2014

The McClatchy Company has reported that net loss for the first quarter ended March 30, 2014 was $15.84 million, or $0.18 loss per share, compared to a net loss of $12.74 million, or $0.15 loss per share, for the same quarter ended March 31, 2013. Net revenues for the first quarter ended March 30, 2014 were $287.2 million, compared to $295.11 million for the same quarter ended March 31, 2013. Operating loss for the first quarter ended March 30, 2014 was $4.3 million, compared to an operating income of $20.6 million for the same quarter ended March 31, 2013.

The McClatchy Company Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 30, 2014; Provides Earnings Guidance for the Year 2014

The McClatchy Company reported unaudited consolidated earnings results for the first quarter ended March 30, 2014. For the quarter, the reported a net loss of $15,842,000 or $0.18 basic and diluted share compared to net loss of $12,741,000 or $0.15 basic and diluted share a year ago. Revenues were $287,203,000 compared with $295,109,000 for the first quarter of 2013. Operating loss was $4,300,000 compared with operating income of $20,598,000 a year ago. Loss before income tax was $28,088,000 compared with $18,466,000 a year ago. Operating cash flow was $39,120,000 compared with $53,351,000 a year ago. Adjusted net loss was $5,905,000 compared with $663,000 a year ago. Capital expenditures was $9.5 million. Total debt at the end of the quarter was $1.556 billion. The company still expect capital expenditures to be around $29 million for all of 2014. For the full year 2014, the company expects double-digit growth in digital-only advertising revenues, along with low-single digit growth in both direct marketing and circulation revenues.

 

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