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Posts Tagged ‘The Sacramento Bee’

A Screening Dedicated to a Late, Great Journalism Prof

Tonight at the Tri-State Museum in Belle Fourche, South Dakota, there will be a very special screening of PBS documentary The Last Cowboy. The event is being held in the name of one of the movie’s champions, William “Bill” Kunerth, a retired journalism professor who passed away last December.

From a recent bit of coverage in the Butte County Post:

The ranch-raised, nationally-recognized journalism professor hoped someone would show the real life of a cowboy in a modern setting. The 6:30 p.m. showing will be free or by donation in memory of the longtime volunteer and museum supporter…

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Newspaper Publisher McClatchy Poised For Turnaround In 2010?

mcclatchy.jpg2009 has undoubtedly been a rough year for all manner of media companies, not the least of which is The McClatchy Co., which reported a 23.1 percent decline in revenues last quarter and has been struggling with layoffs and a wage freeze since September 2008.

But there is some hope. Yesterday, McClatchy chairman and CEO Gary Pruitt sent a memo to staffers letting them know the wage freeze was set to be lifted in the coming year, McClatchy paper The Sacramento Bee reported. What’s more, Pruitt was upbeat about his business while speaking this morning at the UBS Global Media and Communications Conference. Pruitt told the conference that all 30 of McClatchy’s newspapers are profitable and that the company “expects to maintain, if not grow, cash flow in 2010,” Editor & Publisher said.

And things do in fact seem promising for the publisher: in reporting its third quarter earnings in October, McClatchy revealed circulation revenues had actually grown 6.7 percent during the quarter to $69 million, although advertising revenues were, not surprisingly, down. Online revenues also saw growth during the third quarter, and now make up 17.6 percent of McClatchy’s total advertising revenues compared to 12.2 percent of total advertising revenues in the third quarter of last year, indicating the company’s move towards more digital integration of its content. McClatchy has also announced plans to distribute digital versions of its papers, including the SacBee, to e-readers like the Kindle sometime in the new year.

Looks like McClatchy might be one to watch in 2010.

McClatchy Co. will lift wage freezeSacramento Bee

Pruitt Upbeat On McClatchy: Debt Cut, All Papers Profitable

Previously: McClatchy Papers Go Digital, McClatchy Q3 Earnings: Ad Revenue Down, Circulation Revenue Up

McClatchy Papers Go Digital

bee.jpgFive McClatchy Co. newspapers, The Sacramento Bee in California, North Carolina’s Charlotte Observer, The Ft. Worth Star-Telegram, The Anchorage Daily News in Alaska and The News & Observer in Raleigh, N.C., are now available on the Kindle.

The media company made announcement about the digital distribution of their papers on Friday via Facebook, using social media to introduce their new formats to the world. Although these new versions are available for free for a two-week trial period, they will then cost $6.99 for a monthly subscription and be delivered daily to Kindles every morning.

The Daily News and the Bee introduced digital versions in October, while the other papers debuted in mid-November.

More McClatchy papers, like The Kansas City Star and The Miami Herald will be available on the Kindle soon, the company said.

The Kindle version allows readers to gain portable access to these local papers nationwide, so it is possible it will increase readership. But the nagging media question remains: why pay for digital content you can get it online for free?

McClatchy Launches Digital Editions on the KindleEditor & Publisher

Related: McClatchy Q3 Earnings: Ad Revenue Down, Circulation Revenue Up

McClatchy Dailies Join AP’s Mobile News Network

mcclatchy.jpgNewspaper publisher McClatchy Co. announced today that all 30 of its daily newspapers have joined the Associated Press‘s mobile news network.

“Mobile is a key component of McClatchy’s overall digital strategy,” said Christian Hendricks, McClatchy’s vice president, interactive media in the announcement today. “Adding all our websites to AP Mobile makes it easier for consumers to access our local news and helps expand overall readership in our newspapers’ markets.”

Two McClatchy papers, The Miami Herald and The Sacramento Bee, joined AP Mobile last year. The company’s Miami-based Spanish-language paper El Nuevo Herald, is also already a member of the network, becoming the first Spanish-language paper to be featured on the U.S.-Spanish section of AP Mobile.

Now, McClatchy’s other daily papers, including The Charlotte Observer, The Kansas City Star and The Anchorage Daily News, will be joining as well.

“The addition of McClatchy’s full network of newspapers further enriches AP Mobile’s wealth of local news coverage,” said AP’s senior VP of global product development Jane Seagrave. “No other mobile news services combines so many original sources of credible, breaking news in a single, easy-to-navigate application.”

Hopefully, the deal will help fortify McClatchy, which has been struggling with debt restructuring and layoffs this year. It certainly can’t hurt, especially as the AP works to develop new ways to protect its content online.

Earlier: McClatchy Hopes To Buy Time By Amending Debt Agreements

McClatchy Hopes To Buy Time By Amending Debt Agreements

mcclatchy.pngThe McClatchy Co., publisher of newspapers like The Miami Herald, The Sacramento Bee and The News & Observer in Raleigh, N.C., announced last week that it had changed some of the terms of its debt agreements in the hope of staying alive for the foreseeable future.

The amendments to McClatchy’s $1.15 billion existing debt will allow the company to exchange the current debt for cash and new debt. The company’s total debt will also be reduced and McClatchy will have longer to repay it, but it will have to paid back at a higher interest rate.

The news comes a couple months after McClatchy, the country’s third largest newspaper company, announced that it would cut 15 percent of its workforce in March. And that was after the company had laid off 1,400 employees last June.

In an effort to put a happy face on the beleaguered company’s recent announcement, McClatchy CFO Pat Talamantes called the latest move “a positive development.”

“In addition to the outstanding efforts made by our papers to weather this downturn, we believe that being able to have more flexibility in the use of our revolving credit facility will allow us to put the company in a stronger financial position to manage our capital structure through this downturn,” Talamantes said.

It seems that McClatchy has done everything it can to remain afloat and keep its 30 daily papers alive. We certainly hope that it works.

Related: McClatchy N.C. Subsidiary To Cut 78 Positions

Earlier: The Newspaper Death Spiral Continues

Even Earlier: Media Layoffs: McClatchy Co. Bids Adieu To 1400 Jobs