Thursday, April 23, 2009

Bad news at McClatchy? No way!

Posted By on Thu, Apr 23, 2009 at 9:59 AM

click to enlarge starlogo.jpg

The Kansas City Star's parent company, McClatchy, announced a $37.5 million loss and a whopping 25-percent drop in revenues from last year. The Associated Press blurb sums it up:

The loss is

larger than expected.

After four rounds of layoffs, this isn't the best news for those trapped in the mineshaft, especially with rumors of a fifth round of "belt-tightening" in June.

Tags: , ,

Comments

Subscribe to this thread:

Add a comment

Most Popular Stories

Slideshows

All contents ©2014 Kansas City Pitch LLC
All rights reserved. No part of this service may be reproduced in any form without the express written permission of Kansas City Pitch LLC,
except that an individual may download and/or forward articles via email to a reasonable number of recipients for personal, non-commercial purposes.

All contents © 2012 SouthComm, Inc. 210 12th Ave S. Ste. 100, Nashville, TN 37203. (615) 244-7989.
All rights reserved. No part of this service may be reproduced in any form without the express written permission of SouthComm, Inc.
except that an individual may download and/or forward articles via email to a reasonable number of recipients for personal, non-commercial purposes.
Website powered by Foundation