Thread: Poop In case anyone hadn't decided on the KC Star yet
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Old 06-19-2020, 06:28 PM   #530
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Quote:
The McClatchy Co. appears to have a deal to sell The Kansas City Star’s printing plant for about $32 million, about 15 percent of what it cost to construct the plant before it opened in 2006.
Quote:
:: The red ink continues to flow, with McClatchy reporting a net loss of $42 million for the first three months of 2019, or $5.34 per share of stock. In the first quarter of 2018, the company reported a net loss of $38.9 million, of $5.04 per share.

:: For the first time since it embarked on its transition from print to digital, digital-only advertising revenue was down — down by 5.2 percent against the first quarter of 2018. McClatchy CEO Craig Forman attributed the dip to a “softer news cycle” in the first quarter of this year and “a strategic tightening of website paywalls.”

:: Total advertising revenue was $85.2 million, down 14.7% compared to the first quarter of 2018.
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