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MNI

The McClatchy Company

6/18/2013, 10:01 PM ET

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Thursday, April 25, 9:25 AM McClatchy (MNI): Q1 EPS of -$0.15. Revenue of $276.7M. (PR) 1 Comment [Earnings, Breaking News]
Wednesday, February 13, 1:16 PM A new SEC filing by Omega Advisors shows the firm trimmed its holdings of newspaper stocks. A position in McClatchy (MNI -1.1%) was liquidated in full by the end of Q4 while a stake in Gannett (GCI -0.1%) was cut by 69% to 1.35M shares. (13F) Comment! [Consumer]
Thursday, February 7, 9:08 AM McClatchy (MNI): Q4 EPS of -$0.35 may not be comparable to consensus of $0.44. Revenue of $355.6M (+1.2% Y/Y) beats by $17M. (PR) Comment! [Earnings, Breaking News]
Friday, November 30, 2012, 12:55 PM McClatchy (MNI -1.2%) dips today after Moody's cut its outlook on the newspaper publisher to stable from positive, citing expectations that ongoing revenue pressure on newspapers will make it difficult for the company to reduce its high leverage. The downgrade affects around $1.6B worth of the company's debt. Comment! [On the Move]
Thursday, October 25, 2012, 12:30 PM Shares of New York Times (NYT -14.6%) tumble off the company's weak Q3 report. The latest numbers made abundantly clear the publishing concern was losing advertising faster than its digital business was contributing to the bottom line. Sector peers are also feeling the shockwave, particularly print-heavy Gannett (GCI -4.3%) and McClatchy (MNI -4%). Comment! [Consumer, On the Move]
Thursday, October 25, 2012, 9:18 AM McClatchy (MNI): Q3 EPS of $0.06 misses by $0.02. Revenue of $287.5M (-4.2% Y/Y) misses by $2.5M. (PR) Comment! [Earnings]
Tuesday, October 23, 2012, 12:45 PM Midday top 10 gainers: ANNB +48%. HLYS +22%. BSDM +21%. OSG +20%. COGO +13%. MNI +9%. ARMH +9%. MUSA +8%. VRNG +8%. COH +8%.
Top 10 Losers: BCOM -13%. TDG -11%. LAWS -10%. VSCI -10%. MNST -10%. TROX -10%. HSTM -10%. ALV -10%. DVR -9%. PTNR -9%. 1 Comment [On the Move]
Friday, July 27, 2012, 9:22 AM McClatchy (MNI): Q2 EPS of $0.31. Revenue of $299.3M (-4.8% Y/Y) misses by $3M. Shares +19% premarket. (PR) Comment! [Earnings, On the Move]
Friday, July 27, 2012, 9:12 AM Premarket gainers: AUTH +60%. OCZ +29%. MNI +19%. STEM +18%. SIMO +17%. ACI +14%. EXPE +14%. KKR +10%. DECK +9%. BCS +7%. PWER +7%. JRCC +6%. ANR +5%.
Losers: GDOT -57%. ATPG -32%. APKT -18%. NTGR -17%. FB -16%. CSTR -14%. SBUX -10%. HZNP -8%. LOGI -5%. 1 Comment [On the Move]
Tuesday, June 26, 2012, 2:01 PM A number of newspapers companies trade higher after News Corp. says it will consider splitting off its publishing business and sector name Gannett (GCI +5.5%) is initiated with an Outperform rating by Imperial Capital. Advancers: LEE +9.1%, NYT +3.2%, MNI +2.0%, MEG +2.1%. Comment! [Consumer]
Wednesday, June 6, 2012, 11:30 AM Warren Buffett's affinity for newspaper companies - on full display with an investment in Lee Enterprises announced in a SEC filing - is helping lift up other names in the old-school publishing sector. Advancers: MNI +8.8%, JRN +3.8%, GCI +2.5%, AHC +2.4%. Comment! [Consumer, On the Move]
Friday, June 1, 2012, 2:49 PM The stocks of companies that sell newspapers underperform market indexes after Moody's issues a warning that the group's outlook is negative due to the potential for more earnings declines across the sector. NYT -4.2%, GCI -5.0%, SSP -4.4%, MNI -2.3%. Comment! [Consumer]
Wednesday, May 16, 2012, 10:02 AM McClatchy (MNI +0.4%) makes a number of management changes, headlined by the naming of insider Elaine Lintecum as its new CFO and the promotion of Patrick Talamantes from CFO to CEO. Comment! [Consumer]
Wednesday, February 29, 2012, 6:27 PM A chart from trade association NAA drives home the existential crisis facing the newspaper industry. After peaking above $60B in the late '90s, the industry's print ad revenue has fallen to roughly $20B, and shows no sign of stabilizing. Notes Derek Anderson: "The U.S. newspaper industry was built to support $50 billion to $60 billion in total advertising with the kind of staffs that a $50 billion industry can abide." Paywall advocate Warren Buffett probably agrees. Comment! [Consumer]
Tuesday, February 7, 2012, 10:15 AM Newspaper owner McClatchy (MNI +15.6%) rallies strongly following its Q4 beat. A slowing rate of decline for ad revenues (-5.7% Y/Y in Q4) could be helping, as might relatively healthy Sunday newspaper sales. Also, McClatchy attempted to soothe liquidity fears by noting none of its $1.635B in debt matures before a modest $81M payment due in 2014. (PR) Comment! [Consumer, On the Move]
Tuesday, February 7, 2012, 9:09 AM McClatchy (MNI): Q4 EPS of $0.49 may not be comparable to consensus of $0.40. Revenue of $351.4M (-5% Y/Y) beats by $3.6M. (PR) Comment! [Earnings]