Newspaper publisher McClatchy Co. said Wednesday revenue dropped 14.6 percent in April, due to a continued classified advertising declines.
Total revenue fell to $192.2 million from $225.1 million in the prior-year period. Ad revenue for the month slid 14.8 percent to $159.7 million compared with a year ago.
National ad sales slipped 18.8 percent, but the biggest drop-off came from classifieds, which tumbled 27.6 percent. The softest classified ad categories included real estate and employment.
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