The McClatchy Company

Online job site pioneer seeks to transform industry for second time with nonprofit system. Bill Warren founded an early online job board in the 1990s, helped kick-start an industry and was president of Monster.com, one of the leading Internet career sites. But these days he's not very happy with the results.

Just two months after it was launched, The Miami Herald is ending a program asking online readers to make a contribution to support the newspaper.

Just two months after it was launched, The Miami Herald is ending a program asking online readers to make a contribution to support the newspaper.

Moody's and S&P upgrade McClatchy after bond issue eases worries over publisher's debt burden. Moody's Investors Service and Standard & Poor's have both upgraded their credit ratings on the McClatchy Co. after the newspaper publisher closed on the sale of $875 million in bonds.

The big online recruiting sites Monster.com and CareerBuilder.com this week rolled out marketing campaigns to stand out, much like job seekers polish their resumes to compete in a crowded market. During Sunday's Super Bowl XLIV, both online search sites introduced splashy ads - from Monster's fiddling beaver looking for a dream job to CareerBuilder's chatty office workers in underwear - to remind the jobless of the websites' search engine prowess. With the US unemployment rate at nearly 10 percent, it's tough to be in the online job business these days. There's no shortage of workers looking for jobs, but there isn't a lot of hiring, which makes it harder for these sites to make money from companies that pay to post their job listings. Also, people have more choices for job searches with specialized sites such Dice.com, aimed at tech workers, or TheLadders.com, which promotes high-salary executive postings. Folks are also turning to social and professional networking job boards such as

New York Times Co. rides cost cuts, slower ad slide to highest quarterly profit since mid-2007. The New York Times Co. posted its highest quarterly profit in 2 1/2 years as the advertising drought eased at the end of 2009 and a steadily shrinking work force saved the newspaper publisher more money.

Newspaper owner McClatchy lures most bond holders with buyback in refinancing move. The McClatchy Co. said Wednesday that bond holders representing most of the notes it has offered to buy back have agreed to sell.

Movers roundup: McClatchy shares drop after bond pricing, Meritage Homes slides on downgrade. Among the stock activity stories for Friday, Feb. 5, from AP Financial News:

McClatchy shares drop after publisher accepts high interest rates to push back loan deadlines. McClatchy Co. shares tumbled Friday along with the broader market after the newspaper publisher agreed to pay steep interest rates to push back its deadline for repaying debt.

Gannett reverses 4th-quarter loss as newspaper ad slide eases; stock still falls 7 percent. Gannett Co. posted its largest profit of the year in the fourth quarter as cost-cutting efforts were aided by a lessening decline in advertising sales. But shares of the biggest U.S. newspaper publisher tumbled after company executives didn't offer any hope for an upturn in newspaper advertising this year.

Cost cutting to help Gannett's 4Q as publisher hunkers down during ad slump. Gannett Co., the largest U.S. newspaper publisher, is scheduled to report its fourth-quarter results before the stock market opens Monday. The following is a summary of key developments and analyst opinion related to the period.

Cost cutting helps Media General deliver 4Q profit despite drop in revenue. Newspaper publisher and TV station owner Media General Inc. said Thursday that cost cutting helped it turn a profit for the fourth quarter despite falling ad revenue.

Government cash for the media business? It's already there but shrinking fast, report finds. Government subsidies for the media, which are not widely known but are a long-running source of revenue for publishers, are quietly vanishing just as the industry is struggling to remain commercially viable, according to a new report released Thursday.

Standard & Poor's places McClatchy on CreditWatch with positive implications. Standard & Poor's Ratings Services said Wednesday it has placed newspaper publisher McClatchy Co.'s "CC" rating on CreditWatch with positive implications.

Newspaper publisher McClatchy reverses 4Q losses; has agreement to extend deadline on debt. McClatchy Co. reported a profit for the fourth quarter on Wednesday and said most of its lenders agreed to give the newspaper publisher more time to repay its debts.

Major business events and economic events scheduled for Wednesday:

Calendar of major business events scheduled for Wednesday. Major business events and economic events scheduled for Wednesday:

McClatchy extends closing date on Miami land deal, will evaluate value on balance sheet. The McClatchy Co., publisher of The Miami Herald and other newspapers, said Wednesday that it has given the prospective buyer of land it owns in Miami more time to find financing in exchange for a $6 million deposit.

Owner of Denver Post, Salt Lake Tribune plans prepackaged Chapter 11 bankruptcy filing. The holding company for MediaNews Group Inc. newspapers, including The Denver Post and San Jose Mercury News, says it plans to file for Chapter 11 bankruptcy protection.

Fitch may upgrade McClatchy credit rating, citing potential for debt refinancing. Fitch Ratings said Tuesday it may upgrade newspaper publisher McClatchy Co., citing a potential debt refinancing.