McClatchy Co., the No. 2 U.S. newspaper publisher, cautioned that advertising revenue would be down in the first half of next year, hurt by depressed real estate and employment spending.
The company, which publishes The Miami Herald and The Sacramento Bee, among others, said automotive advertising could also prove challenging while the retail category would likely show growth but remain "choppy."
Consolidated advertising revenue in November decreased 4.7%, it said.
Also Wednesday, New York Times Co., which operates the Boston Globe and International Herald Tribune along with its namesake newspaper, said its November revenue slipped 1.7% as its print advertising continues to suffer.
McClatchy's forecast follows a recent pattern for the newspaper industry (Play-By-Play: Rough Times For Newspapers). A slow housing market, troubles in the auto industry and other economic factors are contributing to a pullback in print advertising that is hurting newspapers, adding to pressures from falling circulation as more readers turn to the Internet.