The McClatchy Company reported unaudited consolidated earnings results for the first quarter ended March 30, 2013. For the quarter, the reported a net loss of $12.741 million or $0.15 basic and diluted share compared to net loss of $2.087 million or $0.02 basic and diluted share a year ago. Revenues were $276.736 million compared with $288.301 million for the first quarter of 2012. Operating income was $20.598 million compared with $27.975 million a year ago. Loss before income tax benefit was $18.466 million compared with $3.999 million a year ago. Operating cash flow was $53.351 million compared with $60.775 million a year ago. Adjusted net loss was $0.663 million compared with $2.517 million a year ago. In the first quarter the company used $5.1 million to fund capital expenditures with $2.6 million relating to the construction of the Miami Herald’s new production facility in Darrell, Florida on the western side of the Miami market. For the second quarter of 2013, the company expects that the trend in total company revenues, aided by results from the Plus Program, will improve compared to the same quarter last year. For the year 2013, the company expects Plus Program to generate approximately $25 million in new revenues in 2013. Total capital expenditures for 2013 will be approximately $34 million with $11 million of that amount going towards the final cost for the new facility.

The McClatchy Company, Q1 2013 Earnings Call, Apr 25, 2013

The McClatchy Company announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on Apr 25, 2013