Thursday, November 23, 2017

Be Thankful That You Didn't Go Into The Newspaper Business: Q3 Hard Luck For Kansas City Star Parent Company Stock!!!



A very special thanks to some of the brighter denizens of our blog community who keep us abreast of all the important financial news that's significant for Kansas City . . .

Accordingly, while there are some encouraging signs for McClatchy stock - The parent company of the Kansas City Star suffered another horrific quarter and recently had to report its progress (or lack thereof) to shareholders.

Here are just a few of the McClatchy (MNI) lowlights that stand out . . .

- Revenues of USD 212.60 million, Net Earnings of USD -260.48 million.

- The company reported an adjusted net loss of $5.9 million in the most recent quarter.

- Year-on-year change in operating cash flow of -83.66% is about the same as the change in earnings.

For those who pick or bet against stocks on the basis of charts . . . Experts tell us that the tend lines look much worse.

You decide . . .

20 Comments:

Anonymous said...

Fuck 'em.

Anonymous said...

Blogging is where the big money is


LMAO

Anonymous said...

Like all geezers, that industry will pass.

Anonymous said...

it's not sustainable and is going down.

why, then, are the journalists who are still there staying?

Anonymous said...

Because nobody else wants them?

Anonymous said...

idea: the high school journalism teachers of the metro area collaborate to put out a daily newspaper written by their students.

they wouldn't yet have subject expertise, so they'd have to just write the essentials.

still, that'd be better than reporting with skewed and deformed versions of events where subject expertise doesn't help convey the truth.

there would be no one-sided editorials and each editorial wouldcrequire both a pro and a con to be printed alongside.

the students would work for free. the costs of publishing would be by advertisers and foundation sponsors. the papers would be dustributed free in restaurants, grocery stores, and, yes, schools.

high school students would be taught to read newspapers again.

the format would maybe 20 tabloid pages to keep it simple.

Anonymous said...

What's the Star?

Anonymous said...

The real story is how the hell an archaic beached whale like teh Star is still hanging on.

Anonymous said...

The biggest slap in the face for those remaining with the Falling Star will come when they officially declare bankruptcy and the judge allows them to discharge their pension liabilities to retirees and those who were still yet to draw them.

The last several years McClatchy has been substituting overvalued real estate assets, etc., in lieu of cash payments to employee pension funds. Just review the documents.

Anonymous said...

Wow last month's news today! Thanks dude!

Anonymous said...

Like Geezer Hater 8:03, they'll just whine for a bailout.

Anonymous said...

Everyone one is laid off and outsourced. Stock holders are parasites.

Anonymous said...

^^^ says the SJW who buys Chinese shit at WalMart.

Anonymous said...

McClatchy is surprising small: market cap of $76 million, 29 newspapers with a combined weekly circluation of 1.6 million.

They've sold off a lot of newspapers.

Maybe a local millionaire should buy the Star.....?

Steve Rose? Crosby Kemper? Who else?

Anonymous said...

sinquefield

Anonymous said...

I always wonder why the Star doesn't report McClatchy trouble. Some of the other publications do.

Anonymous said...

The Star is a very small market "newspaper" with an out-of-town owner whose only interest in the paper is that it keeps its line item of the monthly McClatchey financial report in black ink.
You can sell off assets and fire experienced reporters only so long to keep the lights on.
And when the Star line item turns red, it will be gone.

Anonymous said...

I thought about going into the newspaper business but I have way too much integrity and ethics so I work in the payday loan business

Anonymous said...

Time for Sly to cut them another check?

Maube this is the charity that will receive the Amazon junk.

Anonymous said...

It’s the editorial board- so divisive in a time it can’t afford to be.
Mediocrity is the biggest sin with the likes of “me too” writers.
Let’s see a break down by age of subscribers on what they pay to subscribe- Do old people pay more and why?
Attorney Generals should be on this and if older people pay more for the paper- higher ups should lose jobs.