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MCCLATCHY CO

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 17, 2020. Its latest SEC filing is a 15-12B from Oct 2, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Publishes local journalism and national news for readers, and sells print and digital advertising and marketing services to advertisers and businesses.

How Did They Make Money?

Advertisers buy digital placements priced by impressions, monthly marketing campaigns, or print ads delivered in a newspaper; readers typically pay in advance for subscriptions, with digital access provided over the chosen term and print tied to deliveries.

FY2017 revenue

Who Were Their Customers?

Advertisers, from national chains to local businesses and individuals, buy advertising and marketing services through McClatchy's sales force; readers subscribe to digital, print, or bundled news products.

Did Revenues Turn Into Profits?

No. It lost $332.4M in FY2017.

Operating income, FY2017
5% of revenue
▲ +13% vs FY2016 ($37.3M, 4%)
Net income, FY2017
−37% of revenue
▲ +872% (Loss) vs FY2016 (−$34.2M, −3%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 28, 2020
Revenue
▼ −27%
vs $178.7M in Q2 FY2019
Net income
▲ +98% (Loss)
vs −$17.5M in Q2 FY2019
  • Sep 10, 2020 Completed the sale of substantially all assets; CFO resigned at closing

Shrank. Revenue fell 26% in 4 years, from $1.2B in FY2013 to $903.6M in FY2017, about 7% a year.

Revenue mix The business has moved from advertising-led revenues toward a more balanced mix of advertising and audience subscriptions.

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