(Reuters) - But the risk of activism to lift the newspaper publisher's
share price, which is lagging that of its rivals, keeps the
risk of leveraged buyout on the table, and operational
challenges at the company may continue to weigh on its debt.
McClatchy on Thursday said quarterly profit fell 9.3
percent because of weaker newspaper advertising sales, but
expense-cutting helped the company beat Wall Street's
expectations. For details, see [ID:nN19408499]
Read more at Reuters.com Bonds News
share price, which is lagging that of its rivals, keeps the
risk of leveraged buyout on the table, and operational
challenges at the company may continue to weigh on its debt.
McClatchy on Thursday said quarterly profit fell 9.3
percent because of weaker newspaper advertising sales, but
expense-cutting helped the company beat Wall Street's
expectations. For details, see [ID:nN19408499]
Read more at Reuters.com Bonds News
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