Report title: McClatchy 3Q08: Cost Cuts Not Enough
from CreditSights
1032 word report published Oct 21, 2008

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Abstract: McClatchy's sales plunged yet again. Management is working on forceful cost cuts, but the reductions will take time to realize before they can mitigate the pace of revenue decline. The fourth quarter does not look any better.

Brief Excerpt: McClatchy 3Q08: Cost Cuts Not Enough McClatchy suffered another savage decline in advertising revenue in the third quarter as advertising weakness continued to spread September showed the steepest overall drop in advertising, which...

Report Type: Earnings Note
Source: CreditSights Inc
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