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Earnings

McClatchy says revenue fell 23%

October 16, 2009|Times Wire Reports

Newspaper publisher McClatchy Co. reported third-quarter sales that missed analysts' estimates.

Revenue fell 23% from a year earlier to $347.4 million, the Sacramento-based company said. Analysts surveyed by Bloomberg had predicted $354.3 million.

Net income rose to $23.6 million, or 28 cents a share, from $4.2 million, or 5 cents, a year earlier, the company said.

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