McClatchy Reports Double Digit Growth Online
The McClatchy Co. has reported its April financials and the story is unfortunately, a familiar one. McClatchy announced that its advertising revenues were down 14.8%, compared to April 2007, and that is largely due to print revenue declines. The publisher did see a gain in online revenues of 14.3%, but as usual, that gain was not enough to combat print revenue declines.
Year to date McClatchy has seen a 15.2% decline in advertising revenues and that does factor in their 11.6% gain in online.
