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.
Apr 23, 2008
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1 comment:
It's almost like people don't want to pay for shitty product.
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