Romenesko

Sacramento Bee | McClatchy release
The newspaper chain predicts difficult times ahead, though, and says it will record a non-cash charge later this month to reflect the drop in its stock price. "In January we've seen headwinds from a worsening national economy. We now expect advertising will likely be down in the low double-digit range in the first quarter of 2008," says McClatchy CEO Gary Pruitt. || Read McClatchy's release.