Monday, October 16, 2017

McClatchy Monday Conference Call And Q3 Report Reveal Hard Times For Tumbling Kansas City Star Parent Company



The SMARTEST DENIZENS of our KICK-ASS TKC BLOG COMMUNITY told us to keep track of the McClatchy conference call that would give us a bit of insight into the company's ongoing financial troubles amid hype and defiant talk of local reporters that is often unquestioned and mostly misinformed regarding economic reality.

To wit . . .

LIKE IT OR NOT, THE KANSAS CITY STAR PARENT COMPANY CONFRONTS EPIC LOSSES THAT INSPIRE STOCK MARKET SKEPTICISM!!!

While some speculators hope for a "dead cat bounce" and traders have targeted the company for more action on both ends as if they're plotting a financial assault on the biz . . . Here's some highlights of today's news . . .

Seeking Alpha: McClatchy -3% as revenue shortfall drives Q3 loss

Some highlights . . .

- Revenues fell 9.4% overall

- Advertising down 13.4%

- Audience down 4.3%

- Over the past year, the price of The McClatchy Company (MNI) has decreased -57.62%

- Net loss of $238.9M - Adjusted net loss was $5.9M

You decide . . .

16 Comments:

Anonymous said...

They are hurting.

If you notice the new reporters are getting paid a lot less. The discount strategy is noticeable.

Greedo said...

Great time to buy, they have a 20-day moving average upward.

Don't be glum. Make some money!

Anonymous said...

Still makes a good bird cage liner, just saying.

Anonymous said...

The Star is very good at hiring worthless columnists and losing money. And lying.

Anonymous said...

THE KC STAR IS GOIN DOWN WITH THE LIBS

Anonymous said...

Better cage liner, or better fish wrap?

Retro ROCKER said...

As myself and many others,have said on tonyskansascity comments in the past there readership goes there advertising leaves. They have delivery problems Who will pay several hundred dollars a year if the paper can't be delivered. And customer service is in the Philippines.

Anonymous said...

hard to feel sorry for them.

Anonymous said...

What will Hoopz do if the Star closes? Start turning tricks or hand jobs?

Anonymous said...

Good By good Riddance

Anonymous said...

And where did you "notice" new reporter salaries? Up Tony's ass?

Anonymous said...

Best way to cut costs is jobs.
Editorial staff should go.
Do the same and expect different results is Einstein defining “Insanity”.
Why do they send people out of town for stories and pictures? Antiquated thinking and poor business acumen.
If it’s not making money- at least try something new.
Suggestions:
1. Lay off all editorialists. Opinions are some a dozen.
2. Have civilians submit photography for free.
3. Have live hometown customer service.
4.Cap pay at $43,453 a year for reporters.
5. Use college student labor.
6. Use Uber for delivery.

No one pays for internet news. Paywalls are a joke thanks to freebies and advertisement removal services.
Most get real unbiased news from no where- everything is biased.
Solution?

Short their stock... and make real money!!!

Anonymous said...

So how much is it costing KC tax payers to keep the left wing Star on life support?

Anonymous said...

Their audience wouldn't be down if they didn't alienate half their potential customer base with an anti Republican editorial staff
and biased liberal content.

Anonymous said...

They should quit charging people to pay for the online version of their papers.

Anonymous said...

@ 7:55, there is no cost to get the Star's on-line version if you have a Johnson County Public Library card.

But the Star provides free access ONLY to the Johnson County Library patrons. Clear message to the rest of us, isn't it?