McClatchy Co. CEO Gary Pruitt says the company is willing to experiment with charging readers for online content. But the newspaper publisher, reporting fourth-quarter earnings this morning, remains focused on a business model based on advertising sales, he tells Dow Jones Newswires.
McClatchy is the first of the major publishers to report fourth-quarter results. Overall revenue fell 17% to $393 million. Advertising revenue was down 20.5%, compared with a 28.1% decline in the third. Citing continued progress in January, the company says it expects ad revenue to decline this quarter by a percentage in the low to mid-teens, according to The Associated Press.
Related: Gannett reports its fourth-quarter results Monday morning
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Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
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