The summer of 2008 has been a downer for McClatchy. Consider: ten percent of the work force has been laid off, company assets have been sold off, and McClatchy's stock price has plummeted. Here is a round-up of McClatchy summer low lights for you:
.
McClatchy implements company-wide wage freeze
McClatchy shares down 84 percent in the past year
McClatchy continues selling off assets -- dumps "Real Cities" online ad network
McClatchy's Herald-Leader to offer another round of buyouts -- the 3rd round in 4 months
McClatchy slashes the book value of "Classified Ventures" and its share of Seattle Times
Fitch cuts McClatchy rating deeper into junk territory
Modesto Bee to eliminate 33 full-time and 127 part-time employees
McClatchy revenue falls 15.6%
McClatchy sells its stake in ShopLocal.com at a loss
Breakdown of McClatchy layoffs by newspaper
Bloody Monday: McClatchy to reduce workforce by 10 percent
No comments:
Post a Comment