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McClatchy Reports July 2007 Revenues
SACRAMENTO, Calif., Aug. 20 /PRNewswire-FirstCall/ -- The McClatchy
Company ( MNI) today reported that consolidated advertising revenues
in July 2007 decreased 9.4% and total revenues were down 8.6%. Year-to-date
advertising revenues declined 7.9% and total revenues were down 7.0% on a
pro forma basis (including the addition of newspapers purchased in the
Knight Ridder acquisition and excluding the Minneapolis Star Tribune
newspaper in the first six months of 2006).
Advertising revenue performance at the company's newspapers is
summarized in McClatchy's statistical report that follows.
The McClatchy Company is the third largest newspaper company in the
United States, with 31 daily newspapers, approximately 50 non-dailies and
direct marketing and direct mail operations. McClatchy also operates
leading local websites in each of its markets which complement its
newspapers and extends its audience reach in each market. Together with its
newspapers and direct marketing products, these operations make McClatchy
the leading local media company in each of its premium high growth markets.
McClatchy-owned newspapers include The Miami Herald, The Sacramento Bee,
the (Fort Worth) Star-Telegram, The Kansas City Star, The Charlotte
Observer, and The (Raleigh) News & Observer.
McClatchy also has a portfolio of premium digital assets. Its leading
local websites offer users information, comprehensive news, advertising,
e-commerce and other services. The company owns and operates McClatchy
Interactive, an interactive operation that provides websites with content,
publishing tools and software development. McClatchy operates Real Cities
(http://www.RealCities.com), the largest national advertising network of
local news websites and owns 14.4% of CareerBuilder, the nation's largest
online job site. McClatchy also owns 25.6% of Classified Ventures, a
newspaper industry partnership that offers classified websites such as the
nation's number two online auto website, cars.com, and the number one
rental site, apartments.com. McClatchy is listed on the New York Stock
Exchange under the symbol MNI.
Additional Information:
Statements in this press release regarding future financial and
operating results, including revenues and any other statements about
management's future expectations, beliefs, goals, plans or prospects
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Any statements that are not
statements of historical fact (including statements containing the words
"believes," "plans," "anticipates," "expects," estimates and similar
expressions) should also be considered to be forward-looking statements.
There are a number of important risks and uncertainties that could cause
actual results or events to differ materially from those indicated by such
forward-looking statements, including: McClatchy's operations have been,
and will likely continue to be, adversely affected by competition,
including competition from internet publishing and advertising platforms;
as well as the other risks detailed from time to time in the Company's
publicly filed documents, including the Company's Annual Report on Form
10-K for the year ended December 31, 2006, filed with the U.S. Securities
and Exchange Commission. McClatchy disclaims any intention and assumes no
obligation to update the forward-looking information contained in this
release.
***The McClatchy Company***
Consolidated Statistical Report
(In thousands, except for preprints)
July
Combined
%
Revenues - Net: 2007 2006 Change
Advertising
Retail $75,249 $76,422 -1.5%
National 14,560 17,971 -19.0%
Classified Total 65,635 77,485 -15.3%
Automotive 15,755 19,612 -19.7%
Real Estate 18,444 24,916 -26.0%
Employment 22,159 24,858 -10.9%
Other Class 9,277 8,099 14.5%
Direct Marketing 13,811 14,938 -7.5%
Other Adv Rev 180 108 66.7%
Total Advertising $169,435 $186,924 -9.4%
Circulation 25,661 26,030 -1.4%
Other 5,576 6,496 -14.2%
Total Revenues $200,672 $219,450 -8.6%
Memo: Online Only
Advertising Revenue $14,498 $13,378 8.4%
Advertising Revenues by Market:
California $32,886 $40,138 -18.1%
Florida 24,577 30,243 -18.7%
Texas 17,557 19,028 -7.7%
Southeast 43,505 44,337 -1.9%
Midwest 23,909 24,944 -4.1%
Northwest 19,847 20,569 -3.5%
Other 7,154 7,665 -6.7%
Total Advertising $169,435 $186,924 -9.4%
***The McClatchy Company***
Consolidated Statistical Report
(In thousands, except for preprints)
July
Print Only
%
Revenues - Net: 2007 2006 Change
Advertising
Retail $73,236 $74,923 -2.3%
National 14,048 16,265 -13.6%
Classified Total 53,663 67,312 -20.3%
Automotive 13,523 17,735 -23.7%
Real Estate 17,084 23,558 -27.5%
Employment 14,423 18,451 -21.8%
Other Class 8,633 7,568 14.1%
Direct Marketing 13,811 14,938 -7.5%
Other Adv Rev 179 108 65.7%
Total Advertising $154,937 $173,546 -10.7%
Advertising Revenues by Market:
California $30,494 $37,793 -19.3%
Florida 22,959 28,658 -19.9%
Texas 16,315 17,969 -9.2%
Southeast 39,167 40,825 -4.1%
Midwest 21,683 22,984 -5.7%
Northwest 17,873 19,053 -6.2%
Other 6,446 6,264 2.9%
Total Advertising $154,937 $173,546 -10.7%
Advertising Statistics for Dailies:
Full Run ROP Linage 3,046.3 3,284.9 -7.3%
Millions of Preprints Distributed 595.4 616.6 -3.4%
Average Paid Circulation:*
Daily 2,583.3 2,666.9 -3.1%
Sunday 3,278.7 3,388.7 -3.2%
* Reflects average paid circulation based upon number of days in period.
Does not reflect ABC reported figures.
***The McClatchy Company***
Consolidated Statistical Report
(In thousands, except for preprints)
July Year-to-Date
Combined
As
*Pro Forma Reported
%
Revenues - Net: 2007 2006 Change 2006
Advertising
Retail $494,480 $507,987 -2.7% $214,949
National 105,775 119,191 -11.3% 47,122
Classified Total 441,973 509,829 -13.3% 233,340
Automotive 101,650 121,562 -16.4% 56,335
Real Estate 128,281 156,622 -18.1% 80,295
Employment 158,042 178,933 -11.7% 75,939
Other Class 54,000 52,712 2.4% 20,771
Direct Marketing 91,276 93,958 -2.9% 40,442
Other Adv Rev 1,231 1,100 11.9% 1,087
Total Advertising $1,134,735 $1,232,065 -7.9% $536,940
Circulation 167,248 173,702 -3.7% 73,297
Other 45,274 42,411 6.8% 15,675
Total Revenues $1,347,257 $1,448,178 -7.0% $625,912
Memo: Online Only
Advertising Revenue $98,482 $96,217 2.4% $35,466
Advertising Revenues by Market:
California $220,598 $254,770 -13.4% $241,322
Florida 179,374 215,653 -16.8% 30,243
Texas 116,743 126,178 -7.5% 19,028
Southeast 286,552 293,669 -2.4% 124,640
Midwest 155,685 165,783 -6.1% 24,944
Northwest 130,319 130,767 -0.3% 89,098
Other 45,464 45,245 0.5% 7,665
Total Advertising $1,134,735 $1,232,065 -7.9% $536,940
Advertising Statistics for Dailies:
Full Run ROP Linage 9,572.1
Millions of Preprints
Distributed 1,732.8
***The McClatchy Company***
Consolidated Statistical Report
(In thousands, except for preprints)
July Year-to-Date
Print Only
*Pro Forma
%
Revenues - Net: 2007 2006 Change
Advertising
Retail $480,035 $499,211 -3.8%
National 102,084 112,877 -9.6%
Classified Total 361,628 428,702 -15.6%
Automotive 87,735 109,514 -19.9%
Real Estate 119,437 147,389 -19.0%
Employment 104,241 122,699 -15.0%
Other Class 50,215 49,100 2.3%
Direct Marketing 91,276 93,958 -2.9%
Other Adv Rev 1,230 1,100 11.8%
Total Advertising $1,036,253 $1,135,848 -8.8%
Advertising Revenues by Market:
California $205,026 $240,113 -14.6%
Florida 166,426 201,048 -17.2%
Texas 108,618 117,763 -7.8%
Southeast 257,049 266,949 -3.7%
Midwest 140,967 150,526 -6.4%
Northwest 117,176 120,335 -2.6%
Other 40,991 39,114 4.8%
Total Advertising $1,036,253 $1,135,848 -8.8%
Advertising Statistics for Dailies:
Full Run ROP Linage 19,440.5 20,705.2 -6.1%
Millions of Preprints Distributed 3,883.2 4,018.7 -3.4%
Average Paid Circulation:**
Daily 2,744.4 2,845.5 -3.6%
Sunday 3,397.8 3,541.4 -4.1%
* Pro Forma includes Knight Ridder acquisitions and excludes
(Minneapolis) Star Tribune newspaper.
** Reflects average paid circulation based upon number of days in period.
Does not reflect ABC reported figures.
SOURCE The McClatchy Company