McClatchy Increases Digital-Only Subscriptions for 11th Straight Quarter
Company sees digital growth but is still reporting big losses.
Last week, McClatchy (NYSE: MNI) reported growth in digital-only subscribers for the 11th consecutive quarter. The 162-year-old company now has 155,000 digital-only subscribers, a 51.1 percent increase year-over-year. The company also saw a 10.1 percent increase in digital-only advertising revenue compared to Q4 2017, but the news wasn’t all good. Perhaps the most significant item to come out of the company’s fourth quarter financial report was a fourth quarter net loss of $27.5 million, or $3.52 per share. In Q4 2017, the company had net income of $61.1 million, or $7.91 per share.
Subscription Insider now embargoes NEWS and FEATURE articles 14 days after they are published.
All registered site users can enjoy access to our full archive of news and feature content by logging in.
Remember — Subscription Insider membership includes access to all embargoed content.
Subscription Insider has upgraded to a new technology platform and our login process has changed:
FOR FREE EMBARGOED ACCESS:
- Newsletter Subscribers (Free): Please log in using the email you used to signup for our Newsletter. The first time you log in, you will need to reset your password.
- Registered Site Users: Please use the email and password you used when you registered for free site access for Subscription Insider.
