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Cuts coming to McClatchy papers

Discussion in 'Journalism topics only' started by SoloFlyer, Aug 21, 2018.

  1. Tarheel316

    Tarheel316 Well-Known Member

  2. Slacker

    Slacker Well-Known Member

    Miami took it hard again, too. Most of the remaining stars no longer remain.
  3. LanceyHoward

    LanceyHoward Well-Known Member

    I have never figured that out.
  4. LanceyHoward

    LanceyHoward Well-Known Member

    More from their earnings release.

    The company reported EBITDA of 118 million in FY2018. But EBITDA excludes interest expense. And McClatchy has lots of interest expense. If you deduct the 76 million in annual interest expense that leaves about 42 million dollars in cash flow.

    The company closed the third quarter with total liabilities of 1.548 billion dollars and cash of just over four million dollars so there is no cushion.

    I have said this before but if you work at McClatchy and can get out, do so.
    Last edited: Mar 8, 2019
  5. Slacker

    Slacker Well-Known Member

    Um, not quite. That would be 1.5 trillion dollars.
  6. LanceyHoward

    LanceyHoward Well-Known Member

    Thanks. Corrected.
  7. BTExpress

    BTExpress Well-Known Member

    Well, since you brought him up, as I've paraphrased on more than one occasion . . .

    If McClatchy owned a funeral parlor, nobody would die.
  8. Tarheel316

    Tarheel316 Well-Known Member

    Well then if McClatchy owned all the funeral parlors we would live forever!
  9. Fran Curci

    Fran Curci Well-Known Member

    Any report on who left? I saw that Clark Spencer left.
  10. BTExpress

    BTExpress Well-Known Member

    Fred siegle and Slacker like this.
  11. HanSenSE

    HanSenSE Well-Known Member

    Mary Junck would have the poster shot on sight.
    2muchcoffeeman likes this.
  12. Baron Scicluna

    Baron Scicluna Well-Known Member

    But if you don’t give them the bonuses, someone else will. Even if they are pushing the company into the ground.
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