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...Lotame, an advertising technology company whose clients include The Weather Company and McClatchy, estimated that the four tech platforms lost 12 per cent of revenue in the third and fourth quarters, or...
...As a part of the restructuring plan, McClatchy will extinguish most of its debt. Creditors, including the hedge fund, Chatham Asset Management, will take the equity in the reorganised company....
..., which would take the company private....
...nine US auctions conducted in the year to August produced an average price of just 9 cents — and just 2.4 cents if you look at the worst four: Chesapeake, California Resources, Neiman Marcus Group, and McClatchy...
...From the Bancrofts of The Wall Street Journal and the McClatchys of the Miami Herald to corporations such as Tribune, all had lost their advertising dominance by the 2000s....
...But with legacy companies like McClatchy (25,000 pension participants in a plan that was $800m underfunded) filing for Chapter 11 bankruptcy, the strain on the PBGC will soon just be too much and the US...
...serious’ failures in Autonomy audits (FT) Ackman’s blank-check IPO is latest stop on his comeback tour (WSJ) Wells Fargo considers cutting thousands of jobs (FT) Hedge funds duel in bankruptcy court over McClatchy...
...Munger moans, McClatchy melts down “They’re all dying. Berkshire owns about 100 of them and it doesn’t matter because they’re all going to die. There’s nothing that can be done.”...
...A bankruptcy filing from McClatchy extended the sorry record of advertising-dependent local newspaper owners, and while there have been only two oil and gas defaults so far this year, the rating agency expects...
...(Bloomberg) News round-up Deutsche Telekom seeks changes to Sprint takeover terms (FT) Alstom is in advanced talks to buy Bombardier’s rail unit (BBG) Miami Herald owner McClatchy files for bankruptcy...
...Project Neon will be Google’s second joint venture with a news publisher after it launched a similar project with US publisher McClatchy in March....
...Publications like BuzzFeed, Huffington Post, McClatchy and Vice have all announced sizeable lay-offs in recent weeks*....
...Earlier this year, Mr Erickson told McClatchy the limited liability company was established in case Ms Butina needed any financial assistance with her studies....
...(FT, New Yorker, NYT, McClatchy) How Stormy Daniels is beating Trump The porn star, actor, director and producer is beating Donald Trump at his own game by keeping her alleged affair with the president...
...Meanwhile, McClatchy has reported that Mr Flynn stopped a US military plan that Turkey opposed in January after he was paid to represent that country....
...(FT, McClatchy) Sukuks stall The market for Islamic finance has stalled after a Middle Eastern energy company attempted to declare its bond issue unlawful, provoking a court battle....
...In the fourth quarter alone, print sales dropped 20 per cent at the New York Times and at McClatchy, operator of 29 US daily papers....
...In the US four leading newspaper publishers — Gannett, Tribune, Hearst and McClatchy — this year created a company called Nucleus Marketing Solutions to sell advertising across their local titles, thereby...
...Facebook Investors in the social networking site will vote on a proposed new class of shares that will allow founder Mark Zuckerberg to give away his wealth without giving up long-term control of the company...
...For local newspapers, choose between Journal, Gannett, Tribune, McClatchy, and Lee Enterprises. For national publications, the menu includes News Corp, New York Times, Time Inc. and Meredith....
...US newspaper publishers McClatchy and Gannett also saw advertising slip in the second quarter. At the Times, print ad sales fell 6.6 per cent, while digital ad revenue rose 3.4 per cent....
...In December, the economy ministry gave Mr Ayan’s company, Turang Transit Transportation, tax breaks for a TL11.5bn project to build a gas pipeline from Iran, as part of a procedure in which hundreds of companies...
...George Manahan conducted ably in his company debut....
...Ebooks have not harmed the publishing company, but spurred its growth, he says. Steve Leveen, co-founder of speciality reader Levenger, embellishes his printed books....
...One thing seems clear: valuing News Corp’s publishing company using the multiples that US newspaper groups such as McClatchy or the New York Times trade at, as some analysts are doing, seems woefully inadequate...
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