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The McClatchy Company Q1 Loss Slightly Widens

News and information provider The McClatchy Company (MNI: Quote) reported a first-quarter net loss of $2.1 million, slightly wider than the net loss of $2.0 million last year. Loss per share remained unchanged from the prior-year quarter at $0.02.

Excluding items, adjusted net loss was $2.5 million, compared to the adjusted net loss of $3.4 million a year ago.

Net revenues for the quarter declined 5.1 percent to $288.3 million from $303.7 million a year ago.

by RTT Staff Writer

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