Weak ads weigh on newspaper publishers (AP)

by Populux | October 17, 2006 at 10:36 pm
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Newspaper publishers continued to struggle with a weak business climate in the third quarter, as McClatchy Co. and Scripps Co. reported lower advertising results. Scripps, however, got another boost from its thriving cable networks. McClatchy, reporting its first full quarter since its acquisition of Knight Ridder Inc., posted higher third quarter profits Tuesday as it added 20 Knight Ridder newspapers, although the figures also reflected costs from carrying the 12 other newspapers it later sold ...
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