McClatchy reports more revenue losses... consolidated revenues in February down 11.7% from last year, ad revenues down 13.3% from last year

Today the McClatchy company reported major February revenue losses compared to last year. According to PrimeNewsWire:

The McClatchy Company (NYSE: MNI) today reported that consolidated revenues in February 2008 decreased 11.7%and advertising revenues were down 13.3% compared to revenues in February 2007.

Pat Talamantes, McClatchy's chief financial officer, said, "We continue to see a majority of the decline in advertising revenue from newspapers in California and Florida, two states severely affected by the real estate downturn. We are heartened by the strong growth in online advertising, up 15.9% in February, as we continue to focus on our interactive operations."

McClatchy shares hit another 52-week low in trading on Monday, eventually closing at $8.82 per share.
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Previous related:
McClatchy shocker: revenues in January 2008 decreased 14.4% compared to revenues in January 2007... ad revenues in January down 15.7%