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.)
* McClatchy posts loss in first quarter | Press release
* How newspaper executives were compensated in 2011
* “Fox Mole” Joe Muto tweets: “I just got search warranted at 6:30am by a very polite crew from the DA’s office.” (The Awl)
* Writer Andrew Goldman wants New York Post to retract its claim that he collaborated with Koch brothers. (Capital New York)
* Mike Ricigliano practices a nearly extinct newspaper art (he’s a sports cartoonist). (New York Times)
* How the Washington Post failed Elizabeth Flock. (The Awl)
* SF Bay Guardian co-publishers step down from day-to-day operations and sale talks with SF Examiner continue. (Bay Guardian)
* Questions for Chicago Sun-Times editor editor-in-chief Jim Kirk. (Chicago Reader)
The bosses at U-T San Diego tell employees that the paper’s transformation into a “multi-platform media organization” has “caused some to comment and question what such changes mean to the future of the newspaper.”
A memo from the company’s CEO and president reminds staff that “with change, comes change” and “there will be different content standards on different media platforms.” Also, “we will be covering the full lifestyles of San Diego, branching into areas that have not traditionally been part of the UT.” Read the full memo after the jump. Read More