L Brands Reports April 2018 Sales

The McClatchy Company announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the sale of substantially all of McClatchy's assets, including all 30 of McClatchy's news organizations, to Chatham Asset Management LLC. Chatham emerged as the successful bidder during an auction held on July 10, 2020. As previously disclosed, Chatham will acquire substantially all of McClatchy's assets for approximately $263 million in a credit bid of McClatchy's first-lien debt, plus new money consideration of approximately $49 million in cash. The transaction is subject to customary closing conditions and regulatory approvals. McClatchy expects to complete the transaction in September.

The redesign includes a vibrant and elevated approach to photography and visuals, updated layouts and formats, and a revamped editorial lineup. The dynamic refresh offers a modern, easy-to-navigate format with an opportunity for readers to engage with Rachael on a personal level. Rachael Ray Every Day restructured the magazine, creating four distinct departments: •On Our Radar: A bitsy, beautiful front-of-book section full of news and trends spotted by Rachael herself and our team of in-the-know editors. •Real Food: A series of visually distinct recipe franchises that hit the busy person's bull's-eye—fast, easy, fresh, and delicious. •The Well: Where zeitgeist-y stories get the deep-dive treatment with lush, sumptuous food photography and spectacular design. •Real Life: All about your home and the people (and animals!) who fill it—interior upgrades, DIY decorating, entertaining, family moments, and heartstring-tugging pet stories. Click Read More below for additional information.

Strong start to operating cash flow, at $216 million in the quarter; Continued revenue growth in managed document services and Global Imaging Systems operations; Adjusted operating margin of 10.4 percent, down 0.6 points year-over-year; operating margin, excluding equity income, up 0.5 points; Core operating profit, excluding equity income, grew 5 percent year-over-year. Click Read More below for additional information.