The McClatchy Company today updated its Annual Report on Form 10-K for the year ended December 30, 2007. Street Insider:
The company's fourth quarter 2007 after-tax loss from continuing operations was $1.43 billion, or $17.42 per share including the effect of non-cash after-tax impairment charges related to goodwill and newspaper mastheads of $1.47 billion, or $17.86 per share. The company's total net loss, including the results of discontinued operations, was $1.43 billion, or $17.46 per share.
The loss from continuing operations for full year 2007 was $2.73 billion or $33.26 per share including the effect of the non-cash impairment charges taken in the third and fourth quarters. The company's total net loss, including the results of discontinued operations, was $2.74 billion, or $33.37 per share.
The previous quarter, McClatchy swallowed a $1.5 billion accounting charge. McClatchy's share price has fallen over the past year from $37.37 during February 2007, to around $10.00 per share today.
Previous related from November 2007:Honey I shrunk the company: McClatchy swallows one-and-a-half billion dollar accounting charge
