A group of eight newspaper publishers—Advance Digital, A. H. Belo Corporation, Cox Media Group, Gannett (NYSE: GCI), Hearst, MediaNews Group, The McClatchy Company (NYSE: MNI), and The Washington Post Co. (NYSE: WPO)—have formed a joint venture to promote their individual daily deals efforts.

By now, investors ought to be used to The McClatchy (NYSE: MNI) Company’s consistent drift of revenue and net income declines since it returned to profitability at the end of 2009. But the downward drift in profits has lately afflicted its newspaper publisher brethren, as Gannett (NYSE: GCI), A.H. Belo…

		EPS*	Rev. vs QQ210	Net Inc. vs QQ210
McClatchy	Release		8.1%	32.9%

* vs. Analysts' Estimates: Beat Met Missed

Even in the close-mouthed world of hedge fund investment, Randall Smith, the principal of Alden Global Capital, gives new meaning to the euphemism “low profile.” Smith’s Alden bought out fellow hedge funds earlier this month and now owns Journal-Register Co. outright. It has gained the largest share of MediaNews, the…

While the advertising recovery continues to hold on despite remaining economic weakness, the newspaper industry appears to be in danger of falling further beyond even after reducing years-long declines in 2010. Following the recent difficulties seen in Q1 earnings from newspaper publishing peers Gannett (NYSE: GCI) and the New York…

		EPS*	Rev. vs Q110	Net Inc. vs Q110
The McClatchy Company	Release		9.5%	189%

* vs. Analysts' Estimates: Beat Met Missed

McClatchy (NYSE: MNI), the owner of the Miami Herald among other top newspapers, will soon offer its own daily deals in its local markets. Sound familiar? That’s because many of the major newspaper companies in the U.S. and abroad are now moving to capture some of the booming daily deals…

Although the general ad market has appeared to turnaround, helping newspapers publishers arrest the declines of the past few years, The McClatchy Company (NYSE: MNI) can’t seem to catch much of a break. The Sacrmento, CA.-based company, whose newspapers are inextricably tied to the extremely challenged real estate and jobs…

		EPS*	Rev. vs Q409	Net Inc. vs Q409
The McClatchy Co.	Release		5.9%	51.2%

* vs. Analysts' Estimates: Beat Met Missed

Some of the stories people are talking about this morning:»  Still in the middle of a long turnaround amid constant rumors that parent News Corp (NSDQ: NWS). wants to sell it off, MySpace is readying a “dramatic downsizing,” that could include a lay off of between one-third and one-half of…

In a preview of next month’s Q4 earnings report, The McClatchy Company (NYSE: MNI) said that it has been able to reduce the advertising declines of the past few years, while growing the portion the online contributes steadily, if slowly. The numbers were a little behind the industry as a…

An uneven economic recovery, coupled with continued tough times in its California and Florida markets, prevented The McClatchy Company (NYSE: MNI) from realizing the gains of the advertising recovery that other media companies have seen. And above all else, as the New York Times Co. (NYSE: NYT) demonstrated this morning,…

		EPS*	Rev. vs Q309	Net Inc. vs Q309
McClatchy	Release		%	49%

* vs. Analysts' Estimates: Beat Met Missed

Several months after McClatchy partnered with Groupon to promote the daily deal service in many of its local markets, Media General (NYSE: MEG) has announced its own deal with Groupon. The newspaper chain, which owns 21 daily newspapers, says it will offer local deals “powered by Groupon” in six of…

Some of the stories people are talking about this morning:»  To promote the launch of its Windows 7 Phone, Microsoft (NSDQ: MSFT) is running an ad campaign intended to aim for “average folks” by ridiculing the obsession other smartphone users have their devices. The ads, by Crispin, Porter & Bogusky,…

Verve Wireless, which is helping hundreds of media companies worldwide create and monetize news applications for smartphones, said it has raised $7 million in a round led by BlueRun Ventures.

Head to a major local newspaper site and chances are you’ll see an ad for a group-buying site like Groupon or LivingSocial. But, while some newspapers—including, notably those owned by McClatchy, as well as the Washington Post—are partnering with existing group-buying startups in order to feature daily deals, the Star…

Revenue at McClatchy (NYSE: MNI), the major newspaper publisher, keeps shrinking—but at a slower rate—as the ad market gets stronger. The company said revenue dropped 6.4 percent to $365.3 million during the quarter, an improvement from the 8.2 percent drop it had reported three months ago. Net income, however, was…

		EPS*	Rev. vs Q0209	Net Inc. vs Q0209
McClatchy	Release		6%	83%

* vs. Analysts' Estimates: Beat Met Missed

McClatchy (NYSE: MNI) Chairman and CEO Gary Pruitt has emphasized the newspaper publisher’s preference for ad support over paywalls, so affiliate sales revenue seems like a natural area for the company to pursue. The owner of The Miami Herald and The Sacramento Bee is doing just that through a partnership…

For the fourth consecutive period, The McClatchy Company (NYSE: MNI) has been able to maintain profitability on an adjusted basis, as revenue declines remained fairly high, though the situation continued to improve. As for online, the revenue picture was largely the same. Most online categories, including national ads, auto, classifieds,…

		EPS*	Rev. vs Q109	Net Inc. vs Q109
McClatchy	Release	N/A	8.2%	105%

* vs. Analysts' Estimates: Beat Met Missed

Over the past six months, newspaper earnings results have been relatively positive as Gannett (NYSE: GCI), the New York Times Co. (NYSE: NYT)  and McClatchy (NYSE: MNI) have returned to profitability and ad declines have abated. When Gannett kicks off the Q1 newspaper earnings season on Friday morning, analysts expect…

Over the past few months, McClatchy (NYSE: MNI) Company chairman and CEO Gary Pruitt has taken a lot of opportunities to assert his belief in the online ad-support model over deriving revenues from paywalls. It’s not just blind faith that’s driving Pruitt’s views; he thinks that McClatchy, which is dominant…

Taking the podium during day two of Borrell Associates’ Local Online Advertising Conference, McClatchy (NYSE: MNI) chairman and CEO Gary Pruitt described his mixed feelings of ease and discomfort standing there. On one hand, he was happy to be wearing jeans instead of the suit he usually wears for appearances…