Last $6.37 USD
Change Today 0.00 / 0.00%
Volume 220.9K
MNI On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

mcclatchy co-class a (MNI) Snapshot

Open
$6.34
Previous Close
$6.37
Day High
$6.44
Day Low
$6.23
52 Week High
03/10/14 - $7.39
52 Week Low
05/1/13 - $2.13
Market Cap
550.0M
Average Volume 10 Days
478.8K
EPS TTM
$0.51
Shares Outstanding
62.1M
EX-Date
04/2/09
P/E TM
12.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for MCCLATCHY CO-CLASS A (MNI)

mcclatchy co-class a (MNI) Related Businessweek News

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mcclatchy co-class a (MNI) Details

The McClatchy Company publishes newspapers and related digital and direct marketing products in the United States. The company’s primary newspapers include Fort Worth Star-Telegram, The Sacramento Bee, The Kansas City Star, The Miami Herald, The Charlotte Observer, and The Raleigh News & Observer. It operates 30 daily newspapers, community newspapers, Websites, mobile news and advertising, niche publications, direct marketing, and direct mail services. The company also owns a portfolio of digital assets, including 15.0% of CareerBuilder, LLC, which operates an online job Website, CareerBuilder.com; 25.6% of Classified Ventures, LLC that offers classified Websites, such as the auto Website Cars.com and the rental site Apartments.com; 33.3% of HomeFinder, LLC, which operates the online real estate Website HomeFinder.com; and 12.2% of Wanderful Media, a digital shopping portal that provides advertisers with a common platform to reach online audiences with digital circulars, coupons, and display advertising. The McClatchy Company was founded in 1860 and is headquartered in Sacramento, California.

6,630 Employees
Last Reported Date: 03/6/14
Founded in 1860

mcclatchy co-class a (MNI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $822.1K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: $413.5K
Vice President of Operations
Total Annual Compensation: $560.6K
Vice President of Corporate Development, Gene...
Total Annual Compensation: $509.6K
Vice President of Operations - Midwest and No...
Total Annual Compensation: $584.6K
Compensation as of Fiscal Year 2013.

mcclatchy co-class a (MNI) Key Developments

Investors Reportedly Eye Cars.com

Apax Partners LLP and Cox Enterprises, Inc. are interested in bidding for Cars.com of Classified Ventures, LLC, people with knowledge of the matter said. Classified Ventures is backed by five newspaper publishers: Gannett Co., Inc. (NYSE:GCI); Graham Holdings Company (NYSE:GHC); Tribune Company (OTCPK:TRBA.A); Belo Corp.; and The McClatchy Company (NYSE:MNI). The group of newspaper publishers that’s working with Moelis & Co. to explore a sale of Cars.com hasn’t formally solicited bids for the business yet, said the people, asking not to be identified because the information is private. The site, visited by more than 11 million potential car buyers a month, may fetch $2.5 billion in a sale, one of the people said. According to Bloomberg, a spokesman for Apax declined to comment on its interest in Cars.com. Elizabeth Elmstead, a spokeswoman for Cox Enterprises, said the company doesn’t comment on speculation. She added that the reports about Cars.com’s owners weighing a sale “confirms that the automotive services industry is an attractive, growing segment.” According to Bloomberg, a spokeswoman for Classified Ventures, the entity that owns Cars.com, didn’t respond to e-mail and phone messages seeking comment on the sale.

Classified Ventures Reportedly Puts Up For Sale Its Cars.com

Classified Ventures, LLC has put up for sale its Cars.com, reported Wall Street Journal citing people familiar with the plans. The people said that a group of newspaper publishers has put the Cars.com online marketplace up for sale for as much as $3 billion, hoping to cash in on booming values for e-commerce sites. Moelis & Co., which is advising the Classified Ventures publishers consortium on the sale, already has begun discussions with potential bidders, which are expected to include private-equity firms and strategic investors, the people said. It is also possible that one of the publishers could raise its stake or buy out the others. According to two people, Gannett Co., Inc. (NYSE:GCI), for instance has signaled that it could raise or sell its stake, depending on the price. In addition to Gannett, the consortium's owners are Tribune Company (OTCPK:TRBA.A), A. H. Belo Corporation (NYSE:AHC), The McClatchy Company (NYSE:MNI) and Graham Holdings Company (NYSE:GHC). Cashing out now while the market is hot is of further appeal to Classified Ventures' owners amid concerns that Web giants eventually could emerge as competitive threats, the people familiar with the plans added.

The McClatchy Company Reports Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended December 29, 2013; Provides Capital Expenditures Guidance for the Year 2014; Reports Impairment Charges for the Fourth Quarter of 2013

The McClatchy Company reported unaudited consolidated earnings results for fourth quarter and year ended December 29, 2013. For the quarter, the company’s net revenues were $344,729,000 against $376,492,000 a year ago. Operating income was $45,270,000 against $82,747,000 a year ago. Income before income tax (benefit) provision was $20,717,000 against loss before income tax (benefit) provision of $45,397,000 a year ago. Net income was $12,527,000 or $0.14 per diluted share against net loss of $30,015,000 or $0.35 per diluted share a year ago. Operating cash flows were $97,302,000 against $117,971,000 a year ago. Adjusted net income was $29,938,000 against $33,803,000 a year ago. The total revenue trend improved this quarter compared to both the proforma thirteen-week fourth quarter of 2012 and the third quarter of 2013, driven by improvement in both advertising and circulation revenue trends. Total debt at the end of the fourth quarter was $1.556 billion. In the fourth quarter, the company used $7.0 million to fund capital expenditures. For the year, the company’s net revenues were $1,242,237,000 against $1,309,639,000 a year ago. Operating income was $124,900,000 against $186,136,000 a year ago. Profit before income tax (benefit) provision was $32,059,000 against loss before income tax (benefit) provision of $21,526,000 a year ago. Net income was $18,803,000 or $0.22 per diluted share against net loss of $144,000 or $0.00 per diluted share a year ago. Operating cash flows were $276,649,000 against $320,902,000 a year ago. Adjusted net income was $47,252,000 against $56,443,000 a year ago. The company bringing total CapEx to $33.5 million for all of 2013. For the fourth quarter of 2013, the company reported non-cash assets impairments of $14,200,000. For the year 2014, the company expects to spend approximately $29 million in capital expenditures. The company expects expenses to be down in the low single-digits in 2014 excluding the impact of circulation accounting related expense increases. Expenses in 2014 are expected to include approximately $13 million of expenses associated with digital initiatives in 2014 compared to about $9 million in fiscal 2013, as it continues to look to redeploy expense dollars to growth opportunities.

 

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Industry Analysis

MNI

Industry Average

Valuation MNI Industry Range
Price/Earnings 29.5x
Price/Sales 0.4x
Price/Book 2.3x
Price/Cash Flow 4.3x
TEV/Sales NM Not Meaningful
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