MNI - The McClatchy Company

NYSE American - Nasdaq Real Time Price. Currency in USD
1.2100
+0.0200 (+1.68%)
As of 9:40AM EST. Market open.
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Previous Close1.1900
Open1.3700
Bid1.0600 x 900
Ask1.1000 x 1100
Day's Range1.0500 - 1.2700
52 Week Range0.2900 - 7.5600
Volume178,815
Avg. Volume522,322
Market Cap9.596M
Beta (5Y Monthly)-0.01
PE Ratio (TTM)N/A
EPS (TTM)-49.7090
Earnings DateMar 04, 2020 - Mar 08, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar 07, 2009
1y Target Est1.50
  • McClatchy Enters into Standstill Agreement with the PBGC
    PR Newswire

    McClatchy Enters into Standstill Agreement with the PBGC

    McClatchy (NYSE American-MNI) announced today that it has entered into a Standstill Agreement with the Pension Benefit Guaranty Corporation (PBGC), extending its current runway for negotiating a consensual restructuring with key stakeholders.

  • Omega's Leon Cooperman Ups Bet on Gannett
    GuruFocus.com

    Omega's Leon Cooperman Ups Bet on Gannett

    Guru increases stake in newspaper publisher Continue reading...

  • McClatchy Update On Non-Qualifed Supplemental Executive Retirement Benefits
    PR Newswire

    McClatchy Update On Non-Qualifed Supplemental Executive Retirement Benefits

    McClatchy (NYSE American-MNI) today disclosed that it will not be releasing certain nonqualified Supplemental Executive Retirement Benefits to a small number of participants at this time as it continues to address its long-term liquidity pressures arising from its qualified pension obligations due in the third quarter of 2020.

  • NYSE American Approves McClatchy's Plan To Regain Compliance
    PR Newswire

    NYSE American Approves McClatchy's Plan To Regain Compliance

    The McClatchy Company (NYSE American-MNI) announced today that on December 13, 2019, the NYSE American LLC ("NYSE American") notified the Company that it has accepted the Company's plan to regain compliance with the NYSE American's continued listing standards.

  • Thomson Reuters StreetEvents

    Edited Transcript of MNI earnings conference call or presentation 13-Nov-19 5:00pm GMT

    Q3 2019 McClatchy Co Earnings Call

  • Lauren Gustus Named Director of Community Funding Initiatives
    PR Newswire

    Lauren Gustus Named Director of Community Funding Initiatives

    SACRAMENTO, Calif., Nov. 21, 2019 /PRNewswire/ -- McClatchy's West Region Editor, Lauren Gustus, will lead a new company-wide effort as Director of Community Funding Initiatives. In this expanded role, Gustus will be responsible for building community support for important local journalism initiatives through grants, contributions from philanthropic organizations and individuals, and partnerships with local stakeholders and readers. "This expanded role reflects the tremendous work Lauren has had in this space in just the last six months," said Kristin Roberts, vice president of News, in announcing Gustus' role.

  • New Media (NEWM) is all Set to Bring Gannett Under its Wings
    Zacks

    New Media (NEWM) is all Set to Bring Gannett Under its Wings

    New Media's (NEWM) merger with Gannett is likely to create one of the strongest entities in the publishing industry.

  • Newspaper publisher McClatchy warns of ‘liquidity challenge’
    MarketWatch

    Newspaper publisher McClatchy warns of ‘liquidity challenge’

    Shares of McClatchy Co. sank Wednesday, after the publisher of local newspapers warned that it faced a “liquidity challenge” next year following an unfavorable ruling associated with required contributions to its under-funded pension plan.

  • Dow and S&P500 close at new records as five week rally rolls on
    MarketWatch

    Dow and S&P500 close at new records as five week rally rolls on

    The Dow Jones Industrial Average and benchmark S&P500 index both closed at new records Wednesday, helped by a jump in Disney’s stock price, as a five week rally rolled on.

  • MarketWatch

    Newspaper publisher McClatchy's stock drops after swinging to loss, 'liquidity challenge' warning

    Shares of MClatchy Co. slumped 8.1% in morning trading Wednesday, after the newspaper publisher swung to a third-quarter loss on the back of a large impairment charge, and said it faces a "liquidity challenge" next year. The company, which newspapers include Miami Herald, The Kansas City Star and The Charlotte Observer, reported a net loss of $304.7 million, or $38.43 a share, after net income of $7.0 million, or 90 cents a share, in the year-earlier period. The company said given "challenging business conditions and the resulting weakness in the company's stock price," the company recorded impairment charges of $258.1 million to goodwill and $37.2 million to newspaper mastheads. Revenue fell 12% to $167.4 million, as advertising revenue dropped 19% to $76.8 million. Separately, the company said the Internal Revenue Service has declined the company's request for a three-year waiver of the minimum required pension contribution. McClatchy said its pension plan was underfunded by about $535 million as of March 31, with about $124 million of contributions due over the course of 2020. That amount due "greatly exceeds" anticipated cash available, creating "a significant liquidity challenge" for next year. "The company and its advisors are exploring all available options to address these liquidity pressures," McClatchy said in a statement. The stock has plummeted 66% over the past 12 months, while the S&P 500 has gained 14%.

  • McClatchy Reports Third Quarter 2019 Results
    PR Newswire

    McClatchy Reports Third Quarter 2019 Results

    Negotiating Capital and Pension Restructuring with PBGC and Key Stakeholders - Grew digital-only subscribers to 199,200 and topped 200,000 subscriptions in early October - Increased total paid digital ...

  • Estimating The Intrinsic Value Of The McClatchy Company (NYSEMKT:MNI)
    Simply Wall St.

    Estimating The Intrinsic Value Of The McClatchy Company (NYSEMKT:MNI)

    In this article we are going to estimate the intrinsic value of The McClatchy Company (NYSEMKT:MNI) by taking the...

  • NY Times (NYT) Q3 Earnings Surpass Estimates, Decline Y/Y
    Zacks

    NY Times (NYT) Q3 Earnings Surpass Estimates, Decline Y/Y

    The New York Times Company's (NYT) digital advertising revenues decrease during the third quarter of 2019. Management now expects digital advertising to be "fairly challenging" in the final quarter.

  • PR Newswire

    McClatchy Launches Subscription Product for Political Obsessives Who Know the Presidential Election Will Not Be Decided Inside the Beltway

    SACRAMENTO, Calif., Nov. 5, 2019 /PRNewswire/ -- McClatchy (NYSE American MNI) announced the launch of an ambitious initiative to cover the 2020 presidential race differently -- by leveraging its local expertise to tell the stories of the voters and communities who will decide this election. Impact2020 will tell a full national story powered by local reporting and offer a standalone politics subscription product for political obsessives who know the election will not be decided inside the Beltway. The plan to cover the 2020 presidential race was announced today by Kristin Roberts, Vice President, News.

  • Moody's

    McClatchy Company (The) -- Moody's downgrades McClatchy's CFR to Ca, outlook is stable

    Moody's Investors Service ("Moody's") downgraded the Corporate Family Rating ("CFR") for The McClatchy Company ("McClatchy") to Ca from Caa1, and the Probability of Default Rating (PD) to Ca-PD from Caa1-PD primarily due to concerns regarding the company's liquidity position in light of the pending pension plan payments of approximately $120 million in 2020. In addition, Moody's downgraded the company's Senior Secured First Lien Notes due 2026 to Ca from B1. Speculative Grade Liquidity rating is downgraded to SGL-4 from SGL-3.

  • McClatchy To Webcast Third Quarter 2019 Earnings Conference Call
    PR Newswire

    McClatchy To Webcast Third Quarter 2019 Earnings Conference Call

    SACRAMENTO, Calif. , Oct. 30, 2019 /PRNewswire/ -- McClatchy (NYSE American: MNI) announced today that its third quarter earnings conference call will be accessible live to the media and general public ...

  • NY Times' (NYT) Advertising Revenues Likely to Remain Soft
    Zacks

    NY Times' (NYT) Advertising Revenues Likely to Remain Soft

    The New York Times Company (NYT) expects digital advertising revenue to fall in the high-single digits during the third quarter.

  • Mahoning Matters Launches to Serve Youngstown and Ohio's Mahoning Valley
    PR Newswire

    Mahoning Matters Launches to Serve Youngstown and Ohio's Mahoning Valley

    YOUNGSTOWN, Ohio, Oct. 10, 2019 /PRNewswire/ -- Mahoning Matters, a digital-only news outlet serving Ohio's Mahoning Valley, launched today. The announcement was made by Mandy Jenkins, general manager of The Compass Experiment, a local news laboratory founded by McClatchy and funded by Google News Initiative's Local Experiments Project. Mahoning Matters will focus on vital topics that impact the daily lives of Mahoning Valley residents -- how local government functions for underserved residents, the impact of business decisions on the economy and the effect of political and business corruption on the Valley's identity and future.

  • Is NY Times' (NYT) Dismal Run on Bourses Likely to Continue?
    Zacks

    Is NY Times' (NYT) Dismal Run on Bourses Likely to Continue?

    The New York Times Company (NYT) expects digital advertising revenue to fall in the high-single digits during the third quarter.

  • The Fresno Bee Launches an Ambitious Editorial Initiative Focused on Education Issues Critical to the Advancement of the Fresno Community
    PR Newswire

    The Fresno Bee Launches an Ambitious Editorial Initiative Focused on Education Issues Critical to the Advancement of the Fresno Community

    FRESNO, Calif., Sept. 18, 2019 /PRNewswire/ --  The Fresno Bee announces the launch of the Education Lab, an ambitious editorial initiative focusing on education issues critical to the advancement of residents in Fresno and the San Joaquin Valley. Four journalists will join The Bee to cover the topic of education in Fresno and the San Joaquin Valley.

  • McClatchy Receives Notice From NYSE American
    PR Newswire

    McClatchy Receives Notice From NYSE American

    SACRAMENTO, Calif., Sept. 13, 2019 /PRNewswire/ -- The McClatchy Company (NYSE American-MNI) announced today that on September 9, 2019, it received a notice from NYSE American LLC ("NYSE American") indicating that the Company is not currently in compliance with certain listing standards, and as noted below, has approximately 18 months to become compliant under a plan that is subject to approval by NYSE American. McClatchy is below compliance with Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American continued listing standards since it reported stockholders' deficit of $372.5 million as of June 30, 2019 and net losses in each of the four most recent fiscal years ended December 30, 2018.

  • Moody's

    McClatchy Company (The) -- Moody's announces completion of a periodic review of ratings of McClatchy Company (The)

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of McClatchy Company (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Does The McClatchy Company's (NYSEMKT:MNI) CEO Pay Matter?
    Simply Wall St.

    Does The McClatchy Company's (NYSEMKT:MNI) CEO Pay Matter?

    In 2017 Craig Forman was appointed CEO of The McClatchy Company (NYSEMKT:MNI). This report will, first, examine the...

  • Thomson Reuters StreetEvents

    Edited Transcript of MNI earnings conference call or presentation 8-Aug-19 4:00pm GMT

    Q2 2019 McClatchy Co Earnings Call