Corrections and clarifications December 30, 2006 – 12:39 AM
Nick Coleman's column on Page B1 Friday incorrectly stated the McClatchy Company's operating margins. McClatchy had an operating margin of 18.6 percent in 1998, the year it bought the Star Tribune. Its operating margin last year was 19 percent. In 1998, McClatchy's free cash flow was 28.3 percent, as measured by earnings before interest, taxes, depreciation and amortization. In 2005, its free cash flow was 25 percent.
glad to see this; Coleman's figures had some traction among several people who talked to me. This is a useful update.
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