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The company said it earned $23.6 million, or 28 cents per share, for the three months ending Sept. 27. That compares with $4.2 million, or 5 cents a share, a year ago. McClatchy boosted its profit by shedding payroll and other expenses more quickly than its revenue eroded.
Kathleen Cooper, The News Tribune
To see more of The News Tribune, or to subscribe to the newspaper, go to http://www.TheNewsTribune.com. Copyright (c) 2009, The News Tribune, Tacoma, Wash. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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