McClatchy Reports $9.8 Million Net Loss in Q3, Decline in Ad Revenue
Last week McClatchy Co. (NYSE: MNI) reported disappointing results for the third quarter of 2016, including a net loss of $9.8 million, compared to net income of $1.1 million for the same period last year. The adjusted net loss after compensating for severance payments, technology conversions costs, etc. was $2.1 million, compared to an adjusted net income last year of $3.2 million. Subscription Insider has financial and operational highlights.
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