The McClatchy Company reported a net loss in the first quarter of 2013 of $12.7 million or 15 cents per share, including an $8.1 million after-tax loss related to debt refinancing and open-market debt repurchases. In the first quarter of 2012, the company reported a net loss of $2.1 million or 2 cents per share.
Total revenues in the first quarter of 2013 were $276.7 million, down 4 percent from the first quarter of 2012. Advertising revenues were $197.1 million, down 6 percent from 2012, and circulation revenues were $67.5 million, up 1.6 percent. Total digital advertising revenues grew 1.5 percent in the first quarter of 2013, with digital-only advertising revenues up 8.9 percent from the 2012 quarter. Total digital advertising represented 24 percent of total advertising revenues in the first quarter of 2013 compared to 22.2 percent of total advertising revenues in the first quarter of 2012.
Results in the first quarter of 2013 included a loss from the extinguishment of debt totaling $12.8 million related to the completion in early 2013 of the refinancing of the company's 11.5 percent secured bonds due in 2017 and open-market repurchases; accelerated depreciation totaling $2.1 million related to relocating Miami newspaper operations; and severance and other restructuring-related charges totaling $2.3 million.
The net loss in the first quarter, excluding the net impact of these items, was $0.7 million compared to a net loss in the first quarter of 2012 adjusted for similar items of $2.5 million.
Better Business Council adds three members
MANATEE -- Three businesses have been approved membership to the Manatee Chamber's Better Business Council.
Goodwood and Stone Builders, LLC; State Farm /George Quarterman; and Waves Boat & Social Club all joined the council this month.
Better Business Council members must agree to certain terms and conditions including clarification and confirmation of required licensing and insurance and to uphold the Council's "Code of Ethics."
The BBC logo offers consumers a positive mark of integrity when hiring a Manatee County business.
For more information on the Better Business Council contact Tina West at 941-748-1325.
Marketing workshop planned for May 8
SARASOTA -- The Greater Sarasota Chamber of Commerce, Lakewood Ranch Business Alliance and Central West coast Chapter of the Florida Public Relations Association will host a half-day marketing workshop and luncheon May 8 at the Polo Grill in Lakewood Ranch.
Attendees will have the choice of three breakout sessions in the morning ranging from a variety of relevant marketing and public relations topics, including digital marketing strategies, creating your own videos and making the most of your marketing budget.
International guest speaker Linda Larson will present "Saying Right Side Up
When Everything Is Upside Down: Achieving Excellence in Challenging Times."
The sessions begin at 8 a.m. at the Polo Grill, 10670 Boardwalk Loop, Lakewood Ranch. Cost for members is $55 for both the workshop and luncheon or $25 for the luncheon only. Non-members will be charged an additional $10.
SRQ receives public relations nod
SARASOTA -- Sarasota Bradenton International Airport has received an honorable mention from the Florida Public Relations Association Image Awards for Be Creative Studios' work on the "Do You SRQ?" Campaign.
The public relations group announced the award at its "Under the Stars" at Marie Selby Botanical Gardens.
The "Do You SRQ?" campaign has been running since November 2012. The goal of the campaign is to elevate brand awareness in the local community. It is also designed to raise awareness of the airports economic impact which is estimated to be more than $962 million into the local economy and more than 11,000 jobs. In addition the campaign informs residents that the airport has no taxing power and is funded through its business operations.
The new program includes an advertising campaign, a "Do You SRQ?" Pledge for community businesses and non-profits to commit to considering SRQ first when flying and an aggressive airline incentive program designed to raise airline interest in adding seats and flights to SRQ while leveraging the community Pledges.
The Central West Coast chapter of the FPRA organizes the Image Awards annually to recognize outstanding public relations in the state of Florida. The awards cover four divisions: Public Relations Programs, Printed Tools of Public Relations, Audio/Visual/Online Tools of Public Relations, and Student Projects in Public Relations.
First Watch opens third Maryland restaurant
First Watch restaurants continued its expansion in Maryland this month with the opening of a restaurant in Timonium. It us the first restaurant in Timonium, and the third First Watch restaurant in Maryland, including locations in Pikesville and Rockville. Each restaurant employs about 25 local employees.
The new Timonium Square restaurant features an interior design that maximizes the natural light provided during the restaurant's daytime hours and incorporates color tones conveying the warm and inviting personality of the First Watch brand. The design also accentuates an open-kitchen concept.
The restaurant features traditional favorites including pancakes, omelets, salads and sandwiches. All menu items are freshly prepared and the restaurant does not use deep fryers or heat lamps.
First Watch serves its entire menu seven days a week from 7 a.m. until 2:30 p.m. The restaurant also offers complimentary newspapers and free Wi-Fi Internet access.
-- Herald staff reports