Posted by Corinne Jurney on July 24, 2014
McClatchy reported Thursday that revenue fell 3.2 percent in the second quarter, despite selling off major assets and recording double-digit growth in its digital business.
McClatchy, owner of The News & Observer, The Charlotte Observer and 27 other daily newspapers, reported net income of $89.9 million, or $1.02 per share, compared to $11.8 million, or 14 cents per share, during the second quarter of 2013.
"In the second quarter we saw a slowdown in print advertising among retail clients," CEO Pat Talamantes said in a statement. "Still, we continued to see growth in direct marketing and digital advertising revenues."
Posted by David Ranii on July 24, 2014
American Underground, which runs a trio of incubators for startup businesses in the Triangle, is doubling the space at one of its Durham locations to accommodate new companies and provide existing tenants room to expand.
Posted by John Murawski on July 24, 2014
More than 182,000 North Carolinians will receive $8.5 million in insurance refunds or credits under the Affordable Care Act's 80/20 rule. The value of the refunds will average $77 per family.
Posted by Corinne Jurney on July 23, 2014
Raleigh snagged the top spot on Forbes Magazine’s annual list of the best places for business and careers.
Posted by John Murawski on July 23, 2014
WakeForest energy services company PowerSecure scores two of the biggest contracts in its 14-year-history.
Posted by Corinne Jurney on July 22, 2014
Ideal Fastener Corp. said it plans to expand its Granville County facility, where it produces zippers, adding 155 jobs over the next five years.