McClatchy Reports Final Results For The Third Quarter 2017

For the third quarter of 2017, the company reported non-cash after-tax charges of $252.5 million, leading to a quarterly net loss of $260.5 million, or $34.11 per share. The non-cash charges relate almost solely to a non-cash deferred tax asset valuation allowance.  The third quarter 2017 adjusted net loss remains unchanged from the previously reported results at $5.9 million.

The net loss for the first nine months of 2017 was $393.5 million, or $51.67 per share, and included the effect of $359.4 million non-cash after-tax charges inclusive of the write-down of its CareerBuilder investment, mastheads, inventory, and the deferred tax asset valuation allowance mentioned above. The company refers readers to its October 16, 2017 release on third quarter results and its Form 10-Q for the quarter ended September 24, 2017 for additional information.
more detail at:  http://investors.mcclatchy.com/phoenix.zhtml?c=87841&p=irol-newsArticle&ID=2314140

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