Bad quarterly report for CC earlier this month, a 3,7 Billion loss. The loss was mostly due to a writedown of goodwill. Quarterly revenue was 1.4 Billion, with a B, compared to 1.8 Billion from the previous year.
McClatchey meanwhile reported a huge jump in earnings for the second quarter. Probably because they did all the cost-cutting and goodwill-writing-down last year. Still, overall ad revenue down a sickening 30%