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Herald Real Estate Search Resource News

Miami Herald land sale won't close by Dec. 31 (Miami Herald)
The long-delayed, but potentially lucrative, deal to sell 10-acres of parking lots surrounding The Miami Herald Media Company's bayfront headquarters is going to take even longer.
12/31/2008    

(AFX UK Focus) 2008-12-31 03:12 UPDATE 1-McClatchy gives Miami land buyer six more months (Interactive Investor)
NEW YORK, Dec 30 (Reuters) - Miami Herald publisher McClatchy Co has given Citisquare Group LLC six more months to buy 10 acres of land that it had agreed to acquire from the U.S. newspaper publisher so it can arrange financing during the protracted world financial crisis. McClatchy, which is struggling to pay off $2 billion in debt related to its purchase of defunct newspaper chain Knight ...
12/30/2008    

McClatchy delays $190M land sale (Sacramento Business Journal)
The McClatchy Co., which expected to complete a land sale in Florida on Wednesday, has announced it will give the buyer an additional six months, until June 30, 2009. (MNI)
12/31/2008    

McClatchy's November revenue drops 19.4 percent (INO News)
(AP:SACRAMENTO, Calif.) McClatchy Co., the nation's third-largest newspaper publisher, said Monday its total revenue fell 19.4 percent in November as print advertising declines continued to hurt results.
12/15/2008    

McClatchy's November Revenue Drops 19.4% (TheStreet.com)
Declines in advertising put a big hit on the company's bottom line.
12/15/2008    

Developer, sugar magnate weigh buying 'Miami Herald' (The Palm Beach Post)
South Florida real estate developer Jorge Perez confirmed Monday that he and Florida sugar magnate Alfonso Fanjul held talks with executives from the McClatchy Co. and The Miami Herald Media Co. about a possible sale of the Miami paper.
12/09/2008    

McClatchy reports revenue down 19.4% (The Charlotte Observer)
(Associated Press) McClatchy Co., publisher of The Charlotte Observer, said today its total revenue fell 19.4 percent in November as print advertising declines continued to hurt results. The publisher said ad sales slipped 22.4 percent year-over-year, as declines in print advertising were only partially offset by a 7.5 percent jump in online ad revenue. "The economic downturn continues to hurt ...
12/15/2008    

McClatchy Reports November 2008 Revenues (PR Newswire via Yahoo! Finance)
The McClatchy Company today reported that consolidated revenues in November 2008 decreased 19.4% and advertising revenues were down 22.4% compared to revenues in November 2007.
12/15/2008    

Tribune Co. seeks Chapter 11 protection from creditors (Miami Herald)
Media giant Tribune Co., owner of the Sun Sentinel, filed for bankruptcy protection from its creditors Monday in the first filing for a major newspaper company amid mounting industry woes.
12/08/2008    

(AFX UK Focus) 2008-12-09 14:13 UPDATE 1-McClatchy says results 'lousy,' aims to streamline (Interactive Investor)
NEW YORK, Dec 9 (Reuters) - McClatchy Co said its current results are "lousy" and the economy appeared to be worsening, but the U.S. newspaper publisher aims to narrow revenue declines and further streamline operations in 2009. Chief Executive Gary Pruitt said in a statement ahead of aUBS media conference on Tuesday that McClatchy would work to boost revenue from Internet advertising, ...
12/09/2008    

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