Newspaper publishing company The McClatchy Company (NYSE: MNI) says it will work further to trim its debt holdings and increase value for its shareholders. The company's stock--trading poorly--is in danger of being delisted from the New York Stock Exchange, its second such warning within a six-month period.
McClatchy has been dealing with a loss in print sales and is placing more efforts on its digital platforms. The company’s fourth quarter 2015 results shows total revenues of $292.8 million, a 7.8 percent decline compared to the fourth quarter of 2014. It also suffered from a decline in print advertising, with revenues also down for the final quarter of 2015. Gross ad sales totaling $292.8 million, representing an 11.7 percent decline when weighed against revenues recorded one year earlier. It reported a 14.3 percent increase for 4Q15, however, compared to a 4.9 percent increase during 4Q14.