Wednesday, January 27, 2010

McClatchy reports 4Q earnings growth

SACRAMENTO, Calif., Jan. 27 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported net income from continuing operations in the fourth quarter of 2009 of $32.4 million, or 38 cents per share, compared to a loss of $20.4 million, or 25 cents per share, in the 2008 quarter. Adjusted earnings from continuing operations(1)  were $49.6 million, or 59 cents per share, in the fourth quarter of 2009 after excluding the unusual items discussed below, compared to $21.8 million, or 26 cents per share, reported in the fourth quarter of 2008.  Total net income including discontinued operations was $25.8 million, or 30 cents per share in the fourth quarter of 2009 compared to a net loss of $27.0 million, or 33 cents per share in the 2008 fourth quarter.

Click on the headline to read the company news release.

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