Last $3.04 USD
Change Today +0.04 / 1.33%
Volume 3.5K
MNI On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 9:30 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

mcclatchy co-class a (MNI) Snapshot

Open
$3.03
Previous Close
$2.91
Day High
$3.06
Day Low
$3.00
52 Week High
03/10/14 - $7.39
52 Week Low
11/7/13 - $2.75
Market Cap
263.7M
Average Volume 10 Days
773.3K
EPS TTM
$0.22
Shares Outstanding
62.2M
EX-Date
04/2/09
P/E TM
13.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for MCCLATCHY CO-CLASS A (MNI)

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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

The McClatchy Company Announces Debt Tender Offer at Par for 2022 Notes

The McClatchy Company announced that in compliance with the indenture for its 9.00% notes due 2022 it has commenced an offer to purchase for cash up to $406 million of the outstanding 9.00% notes at par. The terms and conditions of the offer are set out in the Offer to Purchase dated Oct. 14, 2014 and Letter of Transmittal. The Offer is not subject to the receipt of any minimum amount of notes tendered, but is subject to the general conditions set out in the Offer to Purchase. McClatchy noted when it announced the sale of its interest in Cars.com that under the indenture for its 9.00% notes due 2022 it would offer the after-tax proceeds from the sale, to the extent that the proceeds are not reinvested within 365 days of the closing of the transaction, in an offering to repurchase the 9.00% notes at par. Management has elected to make this offer now. Recently, the 9.00% notes were trading at premium prices ranging between $111.00 and $112.50. To the extent the notes are not repurchased under this offer, management may use the proceeds to invest in initiatives and/or investments to continue its digital transformation, to selectively repurchase outstanding notes or for other corporate purposes as determined by management and the Board of Directors.

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

 

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Industry Analysis

MNI

Industry Average

Valuation MNI Industry Range
Price/Earnings 2.7x
Price/Sales 0.2x
Price/Book 0.8x
Price/Cash Flow 1.3x
TEV/Sales NM Not Meaningful
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