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 . . .