Newspaper publisher McClatchy Co. said Wednesday that most of its lenders have agreed to refinance its debt and that it cut enough costs to turn a profit in the fourth quarter, even as advertising continued to slide.
January 27, 2010 at 10:42 AM
1 minute read
Newspaper publisher McClatchy Co. said Wednesday that most of its lenders have agreed to refinance its debt and that it cut enough costs to turn a profit in the fourth quarter, even as advertising continued to slide.
McClatchy shares jumped 11 percent in morning trading.
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