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BRIEF-McClatchy expects 2017 capex between $12 mln-$15 mln
February 27, 2017 / 2:17 PM / 7 months ago

BRIEF-McClatchy expects 2017 capex between $12 mln-$15 mln

Feb 27 (Reuters) - McClatchy Co:

* McClatchy discusses strategies and 2017 outlook at J.P. Morgan global high yield and leveraged finance conference

* McClatchy Co - in 2017 company expects to realize approximately $100 million in pre-tax proceeds from real estate sales

* McClatchy Co - management’s expectations for 2017 are that digital-only advertising revenue will continue at a growth rate of double-digits

* McClatchy Co - print is expected to be a smaller portion of total revenues in 2017

* McClatchy Co - capital expenditures are expected to be between $12 million and $15 million in 2017

* McClatchy Co - company expects to invest an estimated $10 million in Excelerate throughout 2017

* McClatchy Co - does not expect to have a required contribution to its qualified pension plan in 2017 Source text for Eikon: Further company coverage:

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