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McClatchy Co (MNI)

MNI on American Stock Exchange

2.46USD
24 Aug 2019
Change (% chg)

$-0.04 (-1.60%)
Prev Close
$2.50
Open
$2.43
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$2.46
Day's Low
$2.43
Volume
339
Avg. Vol
24,529
52-wk High
$9.25
52-wk Low
$1.95

Latest Key Developments (Source: Significant Developments)

Mcclatchy Reports Q1 Loss Per Share $5.34
Thursday, 9 May 2019 09:00am EDT 

May 9 (Reuters) - McClatchy Co ::MCCLATCHY REPORTS FIRST QUARTER 2019 RESULTS.Q1 LOSS PER SHARE $5.34.Q1 REVENUE FELL 9.3 PERCENT TO $180.3 MILLION.INCREASED DIGITAL-ONLY SUBSCRIBERS TO 179,100, UP 59.6% FROM Q1 2018.AVERAGE MONTHLY TOTAL UNIQUE VISITORS TO COMPANY'S ONLINE PRODUCTS WERE 58.0 MILLION IN Q1 OF 2019.MCCLATCHY - IN FULL-YEAR 2019 MANAGEMENT EXPECTS TO SEE GROWTH IN TOTAL DIGITAL REVENUES, WHICH INCLUDE BOTH ADVERTISING AND AUDIENCE DIGITAL REVENUES.DIGITAL SUBSCRIBERS ARE EXPECTED TO CONTINUE TO GROW AND LARGELY OFFSET CONTINUING DECLINES IN PRINT CIRCULATION.PROCEEDS FROM ASSET SALES AND FREE CASH FLOW ARE EXPECTED TO BE USED TO REDUCE DEBT AND DEBT SERVICE COSTS THROUGHOUT 2019.ASSET SALES IN Q2 EXPECTED TO REDUCE FIRST LIEN DEBT BY APPROXIMATELY $32 MILLION.  Full Article

McClatchy Announces Amended Framework Agreement With Chatham Asset Management
Wednesday, 27 Jun 2018 08:00am EDT 

June 27 (Reuters) - McClatchy Co ::MCCLATCHY ANNOUNCES AMENDED FRAMEWORK AGREEMENT WITH CHATHAM ASSET MANAGEMENT, LLC.MCCLATCHY - AMENDED & RESTATED TERM LOAN FRAMEWORK AGREEMENT AMENDS AND RESTATES TERM LOAN FRAMEWORK AGREEMENT, DATED APRIL 26.MCCLATCHY CO - AS PER AMENDED AGREEMENT CHATHAM ENTITIES TO PROVIDE ABOUT $157.1 MILLION TRANCHE A TERM LOAN FACILITY.MCCLATCHY CO - AS PER AMENDED AGREEMENT CHATHAM ENTITIES TO ALSO PROVIDE ABOUT $193.5 MILLION TRANCHE B TERM LOAN FACILITY.MCCLATCHY - ALSO TO ENTER INTO ASSET-BASED CREDIT FACILITY CONCURRENT WITH CLOSING OF TRANSACTIONS CONTEMPLATED BY AMENDED FRAMEWORK AGREEMENT.MCCLATCHY - EXPECTS CREDIT FACILITY TO CONSIST OF $65 MILLION SENIOR SECURED REVOLVING CREDIT FACILITY AND $35 MILLION CASH-SECURED LETTER OF CREDIT FACILITY.  Full Article

Mcclatchy Announces Final Results Of Debt Tender Offer At Par For 2022 Notes
Wednesday, 23 May 2018 09:00am EDT 

May 23 (Reuters) - McClatchy Co ::MCCLATCHY ANNOUNCES FINAL RESULTS OF DEBT TENDER OFFER AT PAR FOR 2022 NOTES.  Full Article

Bluestone Financial Reports 5.16 Pct Passive Stake In Mcclatchy Co As Of March 2
Monday, 5 Mar 2018 06:38am EST 

March 5 (Reuters) - Mcclatchy Co ::BLUESTONE FINANCIAL LTD REPORTS 5.16 PERCENT PASSIVE STAKE IN MCCLATCHY CO AS OF MARCH 2 - SEC FILING.  Full Article

McClatchy Reports Fourth Quarter 2017 Earnings
Friday, 16 Feb 2018 09:00am EST 

Feb 16 (Reuters) - Mcclatchy Co ::MCCLATCHY REPORTS FOURTH QUARTER 2017 EARNINGS.Q4 EARNINGS PER SHARE $7.80.Q4 REVENUE FELL 6.7 PERCENT TO $244.7 MILLION.‍EXPECTS CAPITAL EXPENDITURES BETWEEN $10 MILLION AND $14 MILLION IN 2018​.MCCLATCHY-$58 MILLION ‍NET REDUCTIONS IN TAX EXPENSE FOR NON-CASH REVERSAL OF VALUATION ALLOWANCE ON DEFERRED TAXES,REDUCED RATE CHANGES,BOTH ON TCJA IN QUARTER.  Full Article

Cars.com, Mcclatchy Announced Deal To Convert Remaining 17 Affiliate Markets Into Co's Direct Sales Channel​
Thursday, 4 Jan 2018 08:00am EST 

Jan 4 (Reuters) - Cars.Com Inc ::CARS.COM- ‍CO, MCCLATCHY ANNOUNCED DEAL TO CONVERT REMAINING 17 AFFILIATE MARKETS INTO CO'S DIRECT SALES CHANNEL BEFORE OCT 2019 AGREEMENT EXPIRATION ​.CARS.COM INC - ‍NEW AGREEMENT WITH MCCLATCHY INCLUDES MARKETING SUPPORT PAYMENTS THROUGH 2019.CARS.COM INC - ‍EARLY TRANSITION IS EXPECTED TO INCREASE 2018 REVENUE BY ABOUT 1 PERCENT WITH FULL UPLIFT EXPECTED TO BE REALIZED BY END OF 2019​.  Full Article

McClatchy Calls For Partial Redemption $75 Mln Aggregate Principal Amount Of 9% Senior Secured Notes
Tuesday, 26 Dec 2017 04:18pm EST 

Dec 26 (Reuters) - McClatchy Co ::MCCLATCHY CALLS FOR PARTIAL REDEMPTION $75,000,000 AGGREGATE PRINCIPAL AMOUNT OF 9.00% SENIOR SECURED NOTES DUE 2022.MCCLATCHY - NOTES WILL BE REDEEMED ON JAN. 25, 2018 AT REDEMPTION PRICE OF $1,045 PER $1,000 PRINCIPAL OF NOTES.  Full Article

McClatchy reports Q3 loss per share of $34.11
Thursday, 2 Nov 2017 05:34pm EDT 

Nov 2 (Reuters) - Mcclatchy Co ::McClatchy files form 10-Q and reports final results for the third quarter 2017.Q3 loss per share $34.11.Qtrly revenue $212.6 million versus $234.7 million.  Full Article

McClatchy announces final results of debt tender offer at par for 2022 notes
Friday, 20 Oct 2017 09:00am EDT 

Oct 20 (Reuters) - McClatchy Co :McClatchy announces final results of debt tender offer at par for 2022 notes.McClatchy Co - ‍Announced final results of its offer to purchase for cash up to $40 million of its 9.0% senior secured notes due in 2022​.  Full Article

Mcclatchy Q3 loss per share $31.28
Monday, 16 Oct 2017 09:00am EDT 

Oct 16 (Reuters) - McClatchy Co ::McClatchy reports third quarter 2017 results.Q3 revenue fell 9.4 percent to $212.6 million.Q3 loss per share $31.28.McClatchy Co - ‍for last quarter of 2017, company expects to grow digital-only advertising revenue, finishing full year in low double digit range​.McClatchy Co - ‍in September, revenues from East Coast operations were reduced by about $625,000 as a result of Hurricane Irma​.McClatchy Co - ‍in Q3 of 2017, company recorded a non-cash provision for income taxes of $224.5 million​.  Full Article