0.03
(1) Certain results are presented to include the Company’s proportionate share of its joint venture and associate operations, as this is the basis on which management bases its operating decisions and performance. The Company’s joint ventures and associates include Great West Media Limited Partnership, the Victoria Times-Colonist, Rhode Island Suburban Newspapers, Inc., Village Media Inc. and Borden Bridge Development Corporation.
Operational Performance, Significant Developments in Q1 2021 and Outlook
Operational Performance
Consolidated revenue for the three months ended March 31, 2021 was $39.5 million, down $3.8 million or 8.7% from the same period in the prior year. Consolidated EBITDA was $4.4 million for the three months ended March 31, 2021, up $2.5 million from the same period in the prior year. Including the Company’s share of joint ventures and associates, revenue was $46.9 million, down $5.5 million or 10.5% and EBITDA was $5.6 million, up $2.4 million.
LONGMONT The McClatchy Co., a publisher of newspapers around the nation, has shifted gears on its Compass Experiment and will spin off its Longmont Leader online publication to Canadian company Village Media Inc., effective March 1.
Mandy Jenkins, the general manager of the Compass Experiment which operated two and planned a third community news startup said the company had determined that its experiment would not produce profitable, independent news operations as designed. As a result, it moved its Youngstown, Ohio, operation under the McClatchy news division with a Kansas City Star editor leading it and shifted control of its Longmont operation to Village Media.