Amid the secular and cyclical slowdown in print advertising, McClatchy Company (MNI), the third largest newspaper company in the U.S. and the publisher of 30 daily newspapers including the Miami Herald and Sacramento Bee, reported third-quarter 2009 results. McClatchy is facing the same dramatic decline in advertising revenue, as the rest of the newspaper industry. Total advertising revenue fell 28.1% year-on-year to $266.1 million. However, circulation revenue stabilized, up 6.7% to $69 million due to increase in circulation prices. As a result, total revenue slipped 23.1% to $347.4 million. To combat the downturn, management undertook cost-cutting initiatives, focused on building Internet operations and reduced debt load. McClatchy had lowered its headcounts, and cut executive pay. The company was able to lower its cash expenses by 29.4% and total operating expenses by 30.2%. McClatchy’s quarterly earnings remained flat at 13 cents a share compared to ...

“First Ounce Bounce” Set to Pay 1,100% Government filing NI 43-101 is mandatory in Canada. It shows the proven reserves of any company intending to mine gold. The latest filing from a small renegade company we’ve just uncovered lists their reserves at an astounding 10.1 million ounces. It’s the biggest gold strike in Canadian history – and one of the biggest in the world. Yet few investors have seen or heard of NI 43-101 yet. Getting in before the “first ounce bounce” – when the first ounce comes out of the ground – is likely to yield an initial return of 1,100%. Go here for the full report.

Brazilians used to joke that their country was the country of the future – and always would be because a new crisis seemed to crop up every time the economy came close to fulfilling its potential.

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Amid the secular and cyclical slowdown in print advertising, McClatchy Company (MNI), the third largest newspaper company in the U.S. and the publisher of 80 newspapers including the Miami Herald and Sacramento Bee, reported second quarter 2009 results.  The company is facing the same dramatic decline in advertising revenue, as the rest of the newspaper industry, reflecting the deepening economic recession. To combat the downturn, management undertook cost-cutting initiatives, focused on building internet operations and reduced debt load. McClatchy lowered its headcounts by 15%, or 1,600 employees, cut executive pay, suspended 401K matching contribution and dividend. The company was able to lower its cash expenses by 29.3% and operating expenses by 28.1%.  Consequently, EPS increased 42.9% year over year to $0.30. On a reported basis, EPS more than doubled to $0.50. Total revenue, however, plummeted 25.4% to $365.3 million, as the fall in total advertising revenue ...

Stock-PR Stock Report for Wednesday July 21, 2009

IncrediMail, Ltd. (MAIL)

IncrediMail Ltd. operates as an Internet company in Israel. It designs, markets, and delivers personal desktop software. The company offers its e-mail client product, IncrediMail Premium in approximately 100 countries in 10 different languages.

IncrediMail Ltd. recently announced that it is increasing the guidance previously provided regarding expected performance in 2009. The Company currently expects 2009 revenues to exceed $26 million, and Operating Income to exceed $9 million in 2009. In 2008, revenues were $21.9 million and Operating Income $0.2 million.

Visit http://www.incredimail-corp.com for more on MAIL

The McClatchy Company (MNI)

The McClatchy Company is the third-largest newspaper company in the United States, a leading newspaper and internet publisher.The McClatchy Company dates to the California Gold Rush era of 1857. In 2006, McClatchy purchased Knight Ridder Inc. to become the second-largest newspaper publisher

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Miami Land Sale Delayed by Six More MonthsMiami land sale deal between McClatchy (MNI - the seller) and Citisquare Group (the buyer) was extended for the second time after the latter failed to exercise its option to buy the 10 acres of land adjacent to the Miami Herald.The deal was supposed to be completed on Tuesday, June 30, 2009. The date of closing the deal is now extended to December 31, 2009. Citisquare Group is required to increase the termination fee payable to McClatchy due to the extension of the agreement.Earlier, on December 30, 2008, McClatchy announced the extension of the closing date of the agreement (previously December 31, 2008) to sell the 10 acres in order to gain some time to arrange financing in this troubled credit environment, as falling real ...

Having recently completed a week-long trip to the cities of São Paulo, Brasilia, and Rio de Janeiro, Brazil, I am struck with several observations that relate to relations with Venezuela, Russia, and the international business community.  The title of this post I borrow from Professor Marshall Eakin of Vanderbilt University, whose 1998 book does much to capture the country's long-standing hope of ascendency in global relations - this nearly permanent sensation that the country is on the cusp of major change, only to see the opportunity escape due to unfortunate coincidences and mistakes.  There are many who believe that this time Brazil's rise might be for real.I had the opportunity to meet Professor Eakin last week at lunch, ...

For Immediate Release

Chicago, IL - May 26, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: VistaPrint Limited (VPRT), Office Depot (ODP), Office Max (OMX), Staples (SPLS) and The McClatchy Company (MNI).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Friday's Analyst Blog:

More Upside for VistaPrint

After bottoming out in late January, shares of Buy-rated VistaPrint Limited (VPRT) have climbed more than 130%. Given our outlook for the company's growth prospects, we expect that the shares could justifiably continue to trade higher.

VistaPrint is an

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For Immediate Release

Chicago, IL - May 26, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: VistaPrint Limited (VPRT), Office Depot (ODP), Office Max (OMX), Staples (SPLS) and The McClatchy Company (MNI).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Friday's Analyst Blog:

More Upside for VistaPrint

After bottoming out in late January, shares of Buy-rated VistaPrint Limited (VPRT) have climbed more than 130%. Given our outlook for the company's growth prospects, we expect that the shares could justifiably continue to trade higher.

VistaPrint is an

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Highlights include The McClatchy Company (MNI), The New York Times Company (NYT), Washington Post Co. (WPO), Lee Enterprises (LEE), Gannett Co. (GCI) and Journal Communications (JRN).McClatchy: Expensive Debt Exchange Offer Extends MaturitiesIt's an offer bondholders can't refuse.The McClatchy Company (MNI) has announced an offer to exchange $1.15 billion in debt securities for cash and new notes in a move that extends its earliest maturities and lessons the threat of default -- but at a very steep price.The publisher of 80 newspapers, including the Miami Herald and Sacramento Bee, will issue new notes, due 2014, that raise its interest rate to 15.75%, from 4.63% to 7.15% on its current debt securities, but extends its nearest maturity from 2011 to 2014.There will be sufficient cash and new notes to repurchase all of the company's notes ...

For Immediate Release

Chicago, IL - April 27, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Credit Suisse Group AG (CS), The McClatchy Company Inc (MNI), Triquint Semiconductor (TQNT), The Boeing Co (BA) and Energy Conversion Devices Inc (ENER).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Friday's Analyst Blog:

Credit Suisse Surprisingly Good

Today, Credit Suisse Group AG (CS) reported a surprisingly good first quarter, posting net earnings from continuing operations of CHF2.0 billion, well above the CHF2.1 billion loss in the prior-year quarter and our CHF297 million estimate.

This result

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