[abb]

YES!!! A Trifecta!! NYT, MNI and TRB all have profit declines...

[evad]

"We faced our toughest comparison in quarter-over-quarter advertising revenue growth," Chief Executive Gary Pruitt said in a statement.

Stop it!
I'm getting all misty here...
:)

[junta]

Gannet too

[tobyhill]

Another toilet flushing.

[Grampa Dave]

My wife has had me doing Easter Honey Do Chores before the minor clan invasion on Easter.

You have been very busy this morning with all of this great news!

[Buckeye McFrog]

oops....I thought the headline was "McClatchy IQ Falls 14%"
Pittsburgh baseball fans are already aware of that!

[Grampa Dave]

Reality hits the stock price of the lying/spinning left wing McClatchy fishwraps after a miserable 1st quarter.

[Sam The Eagle]

I hate to dampen the party here, but I'm not sure that the misfortunes of these companies is really that much of a setback to the liberal media in the long run. Newspaper companies are in trouble more because they are outmoded and inefficient delivery systems more than anything else. Sure there are many of us who don't read the papers because of their obvious leftward political slant, but in the broad scheme of things, that's only part of why they are losing readers and ultimately advertisers - and almost certainly not the biggest part.

When this all shakes out, NYT, Tribune, McClatchy et. al. may go out of business or be severely diminished, but ultimately I suspect that many of the journalists who work for them will find some outlet on the Web or elsewhere that will run their biased content. I suppose there's a lot to be said for the idea that this process might even the playing field a little more as it is taking away some of the entrenched and established outlets which are living off their past reputations. Still, I can't help but think that conservatives will always have a disadvantage when it comes to media voice as we are the ones who are more likely to be out actively doing things, making money, etc. while the liberals are more naturally drawn to passively sitting around and commenting/second guessing on what others are doing (which, like it or not, is a good part of what modern journalism entails).

[Diver Dave]

Hmmmm. I didn't see a word of this mentioned in the Modesto Bee this morning.

I'm sure it will be there tomorrow - Front Page below the fold. /sarc

All the more reason I get the real news here on FReeRepublic. Thanks Jim! (did they cover this in the FResno Bee?) :)

[Grampa Dave]

When I got off line yesterday at about 3:30 pm, the McClatchy stock was down over 4%. It closed magically in 30 minutes with "only a 2% drop" in stock value.

Look at the volume of buys in the last few minutes, over 150 thousand shares were purchased to drive up the value of the stock.

I guess the buyers are hoping no one will remember the drop after the 3 day Easter/Good Friday Weekend.

This appears to more Enroning of this stock by the elite owners and managers of mutual funds. Hopefully this will not work next week when reality comes back.

Of course I love it when liberals and liberal controlled organizations throw their money into financial black holes to save a liberal icon.