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Industry News

McClatchy Increases Digital-Only Subscriptions for 11th Straight Quarter

Dana E. Neuts, Subscription Insider March 12, 2019
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Tags: Financial Performance & Reporting News Content Online Services & Tools Advertising Sales Business (B2B) Building Subscription Products Business Operations & IT Subscription Sales Consumer (B2C) App Subscription Auto-renew Subscription

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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.

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