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W hile MDS impressed investors by selling its medical instruments division for a better-than-expected $650-million (U.S.), the company is now dogged by questions of what’s next. MDS, an underperformer in recent years, said Wednesday that it plans to focus...
Tags: Fannie Mae, share price, McClatchy Company, New York Stock Exchange, McClatchy Co., MDS, trading days
The McClatchy Company , the third largest US newspaper publisher, has reported a $21.7m (£15m) loss for the fourth quarter of 2008...McClatchy, which publishes 29 dailies including the Miami Herald and the Sacramento Bee plus a host of weeklies, hopes...
Tags: McClatchy Company
The McClatchy Co. on Thursday reported a fourth-quarter loss because of declining revenue and a noncash writedown. The Sacramento-based publisher also announced it is freezing its pensions, temporarily halting matching contributions to its 401(k) program,...
Tags: McClatchy Co., McClatchy Company, quarter loss, operating expenses, declining revenues, mcclatchy companies, job cut, Belo Corp.
The McClatchy Co has approached potential buyers about a sale of The Miami Herald, The New York Times reported on its Web site on Saturday. Citing people briefed on the company's plans, the Times said the nation's number-three newspaper chain, struggling...
Tags: McClatchy Company, McClatchy Co., Miami Herald, The New York Times, potential buyers, approached potential, newspaper chain
The staff cuts the second 10 percent reduction in three months will eliminate 1,150 full-time positions through layoffs, buyouts and attrition. The move is designed to lower operating expenses by $100 million a year as the Sacramento publisher copes...
Tags: McClatchy Company, McClatchy Co., job cut, voluntary buyouts, The Eagle
The layoffs, both voluntary and involuntary, are in response to an ailing economy and changing media markets, corporate officials said. McClatchy, the nation's third-largest newspaper company, plans an overall work force reduction of 10 percent, or 1,400...
Tags: McClatchy Company, News Tribune, work force
McClatchy Co, the No 3 newspaper company in the country, said it is slashing 1,400 jobs in the latest effort to cut costs amid rapidly dwindling advertising revenues. The cuts represent about 10 per cent of the company's work force.
Tags: Miami Herald Media Co., McClatchy Company, McClatchy Co., Lexington Herald-Leader, advertising revenues, David Landsberg
America's third largest newspaper chain, The McClatchey Company, has announced plans to trim ten percent of its workforce. Impacted by declining advertising revenues, in enacting such measures, McClatchey's intention is to save about 70$ million dollars...
Tags: The McClatchey Company, layoffs, McClatchy Co., McClatchy Company, Publisher McClatchy, work force, The Bellingham Herald, Gary Pruitt, advertising revenues, daily newspaper