The News Tribune’s parent company, Sacramento-based McClatchy Company, today reported a first quarter loss of $2.1 million, or two cents a share.
That compares with a loss of $2 million in the first quarter of 2011.
The nationwide newspaper chain said its advertising revenues were down 6.8 percent from 2011′s first quarter, but circulation revenues were up by .4 percent. Digital advertising revenues increased by 2.7 percent in the quarter to 22.2 percent of the chain’s total advertising revenues.
Operating cash expenses excluding one-time restructuring costs declined by $9.7 million or 4.1 percent for the quarter.
“We continue …