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The Boston Globe

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Boston.com

McClatchy Co.

  February 08, 2012

The third-largest US newspaper company by daily circulation reported earnings that beat the forecasts, thanks to improved advertising revenue, particularly for digital sales. The stock rose 21 percent, the most since Dec. 9. McClatchy, based in Sacramento, Calif., had net income from continuing operations of $42 million, or 49 cents a share, versus $15.7 million, or 18 cents, a year earlier. Analysts on average had estimated 40 cents.

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