You may recall that McClatchy execs were at the top of our newspaper compensation chart with 38.2% raises last year. So how are they steering the company? Here’s what McClatchy reported today:
* The newspaper chain lost $2.1 million in the first quarter vs. $2 million a year ago.
* Revenue fell 5.1% in the quarter from the same period of 2011, while ad sales fell 6.8%.
* The good news: Digital ad sales were up 2.7%. (The company says digital advertising now makes up 22.2 percent of its total ad picture.)