Apr 23, 2008

McClatchy losses

Newspapers are a hard nut these days. McClatchy Co., owner of the Sacramento Bee and other fine papers, posted a 15% drop in revenues during the first quarter. It was worst on the coasts:

CEO Gary Pruitt said in a statement that while Florida and California made up only a third of the company's revenues, those markets accounted for 56 percent of the decline in the first quarter.

2 comments:

Anonymous said...

It's almost like people don't want to pay for shitty product.

Anonymous said...

^^ nice blog!! ^@^

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