SACRAMENTO, Calif. (AFX) - Newspaper publisher McClatchy Co. said Wednesday its total November revenue dropped 4.3 percent due to lower advertising and circulation sales.
Revenue for the month totaled $237.1 million compared with $247.7 million in the prior-year period, which included pro forma revenue from newspapers added in the Knight Ridder acquisition.
Advertising revenue sagged 4.7 percent to $202.6 million from $212.7 million a year ago, while circulation income of $27.2 million was off 3 percent from last year's $28 million.
Online ad revenue gained 6.1 percent to $15 million compared with $14.1 million in the prior-year period.
Average paid daily circulation slid 2 percent, while Sunday deliveries were down 3.7 percent.
McClatchy expects pro forma ad sales to be lower during the first half of next year.
Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
© 2006 AFX News
