Here are a few of the highlights that can be found on q2 09 earnings report:
1) Operating cash flow margin 25.3% compared to 21.2% q2 08.
2) All newspapers contributing to positive cash flow.
3) Digital advertising accounting for 16.5% of advertising vs 11.8% q2 '08. 17.5% for June alone.
4) At the end of first half 09 debt is more than $100m less than January 1.
5) Operating cash flow $92m for q2 09 & $135m first half 09.
McClatchy announces 3rd quarter earnings this coming Thursday.
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2 comments:
And there will still be layoffs.
Everything is just hunky-dory buckeroos. No need to fret 'cos Gary's here.
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