November was another horrible month for newspaper chain McClatchy (MNI). The company said that both consolidated advertising and total revenues in November 2007 decreased 9.2%.
Real estate classified revenue was down 31% for the month and employment classified by almost 25%.
Revenue in the company’s California papers fell 16%.
Only ad revenue is going nowhere. It dropped 4%.
McClatchy shares are off 70% this year, and that is likely to get worse.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
