(Reuters) - NEW YORK, July 19 - McClatchy Co. said on
Thursday quarterly profit fell 9.3 percent because of weaker
newspaper advertising sales, but expense-cutting helped the
company beat Wall Street's expectations.
McClatchy, which publishes the Miami Herald and the
Sacramento Bee, said second-quarter net income fell to $40
million from $44.1 million a year earlier.
Read more at Reuters.com Market News
Thursday quarterly profit fell 9.3 percent because of weaker
newspaper advertising sales, but expense-cutting helped the
company beat Wall Street's expectations.
McClatchy, which publishes the Miami Herald and the
Sacramento Bee, said second-quarter net income fell to $40
million from $44.1 million a year earlier.
Read more at Reuters.com Market News
No comments:
Post a Comment