The McClatchy Company Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 26, 2017; Provides Earnings Guidance for the Year 2017
As noted earlier, management expects improving performance in adjusted EBITDA compared to the level of decline in the first quarter of 2017. The company expects to grow digital-only advertising revenue at a double-digit rate for all of 2017, improving on the full-year trend seen in 2016.