The McClatchy Company announced unaudited consolidated earnings results for the third quarter and nine months ended September 24, 2017. For the quarter, the company reported net revenues of $212,604,000 compared to $234,701,000 a year ago, down 9.4%. The company estimates that in September, revenues (primarily ad revenues) from its East Coast operations were reduced by approximately $625,000 as a result of Hurricane Irma. Including the revenue impact due to Hurricane Irma, total revenues in the third quarter of 2017 would have been down 9.1% compared to the third quarter 2016. Operating income of $4,611,000 compared to $5,229,000 a year ago. Loss before income taxes was $22,671,000 compared to $15,689,000 a year ago. Net loss was $238,857,000 compared to $9,804,000 a year ago. Basic and diluted loss per share was $31.28 compared to $1.30 a year ago. EBITDA was $16,718,000 compared to $25,823,000 a year ago. Adjusted EBITDA was $34,568,000 compared to $38,132,000 a year ago. Adjusted net loss was $5,907,000 compared to $2,141,000 a year ago. Capital expenditures were $2.7 million in the third quarter.

For the nine months, the company reported net revenues of $658,936,000 compared to $714,914,000 a year ago. Operating income of $12,202,000 compared to $3,877,000 a year ago. Loss before income taxes was $232,221,000 compared to $58,010,000 a year ago. Net loss was $371,878,000 compared to $37,279,000 a year ago. Basic and diluted loss per share was $48.83 compared to $4.77 a year ago. LBITDA was $112,658,000 compared to EBITDA of $73,964,000 a year ago. Adjusted EBITDA was $93,155,000 compared to $112,323,000 a year ago. Adjusted net loss was $26,465,000 compared to $11,514,000 a year ago. Capital expenditures were totaled $7.4 million for the first 9 months.

For the fourth quarter of 2017, the company expects to grow digital-only advertising revenue, finishing the full year in the low double digit range. The company expects that print advertising will continue to become a smaller portion of advertising and total revenue. Audience revenues are expected to be down in the low single-digit percentage range in the fourth quarter and full year compared to 2016 periods, in part as a result of loosening pay walls during various weather-related events this year.

The company expects full year adjusted EBITDA to be lower than last year.