McClatchy reports 1Q loss – Long Beach Press Telegram
SACRAMENTO, Calif. (AP) McClatchy Co. (MNI) on Friday reported a loss of $11.3 million in its first quarter.
The Sacramento, California-based company said it had a loss of 13 cents per share. Losses, adjusted for severance costs, came to 10 cents per share.
The media company and owner of The Kansas City Star posted revenue of $257.2 million in the period.
The company’s shares closed at $1.53. A year ago, they were trading at $5.96.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MNI at http://www.zacks.com/ap/MNI
Keywords: McClatchy, Earnings Report