McClatchy recorded after-tax non-cash charges of $230.9 million in the third quarter of 2017, leading to a quarterly net loss of $238.9 million, or $31.28 per share. The non-cash charges relate almost solely to a non-cash deferred tax valuation allowance and, to a minor extent, after-tax non-cash impairments on newspaper mastheads and certain equity investments. The loss in the third quarter of 2016 was $9.8 million or $1.30 per share. The company reported an adjusted net loss of $5.9 million, which excludes severance, impairments, the tax-valuation allowance, and certain other items in the third quarter of 2017. The quarterly results compare with an adjusted net loss of $2.1 million a year earlier. Total revenues in the third quarter of 2017 were $212.6 million, down 9.4% compared to the third quarter of 2016. The company estimates that in September, revenues (primarily ad revenues) from its East Coast operations were reduced by approximately $625,000 as a result of Hurricane Irma. Including the revenue impact due to Hurricane Irma, total revenues in the third quarter of 2017 would have been down 9.1% compared to the third quarter 2016. Click Read More below for additional information.

The Book Manufacturers’ Institute (BMI) has announced recipients of Signature Award, as well as four new members to the Cased-in Club. The honors, which were presented Monday evening November 6th at the Awards Banquet at the Fall Annual Conference in Palm Beach Gardnes, Florida, recognize BMI members who not only contribute to the success of their organization, but also to the continued success of the book manufacturing industry.

Looking to buy a nose hair trimmer, wearable neck air conditioner or holographic fish tank from the always quirky Hammacher Schlemmer catalog? Time may be running out. Last week, the Chicago company laid off 21 employees — most of its staff — in a brief video conference call, according to four former employees who lost their jobs. “They told us that Hammacher was going to cease operations, and that all of our positions were effectively gone,” said Carol-Joy Kilpatrick, 50, of Tinley Park, senior art director at Hammacher Schlemmer for 19 years. “I’m devastated.” It is unclear what the company’s plans are for the venerable brand, the oldest catalog retailer in the U.S. Hammacher Schlemmer, which was acquired last year by S5 Equity, a California-based investment firm, did not respond to multiple requests for comment. Deposited in nearly 50 million mailboxes each year, the most recent catalog was canceled before going to the printer this month, Kilpatrick said, a first in her two-decade tenure with the company.