Bottom Line: Media Daily News is reporting that McClatchy Co., parent company of the Kansas City Star, saw its revenues drop in April. 05-22-2008
McClatchy: April Revs Down 14% Thursday, May 22, 2008 The McClatchy Co. reported that consolidated revenues in April 2008 decreased 14.6% and advertising revenues were down 14.8%, compared to revenues in April 2007. Print ad declines were partially offset by a 14.3% gain in online advertising revenues. For the first four months of the year, total revenues declined 14.0% and advertising revenues declined 15.2%. Online advertising grew 11.6% in the first four months of 2008.
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