The other thing that I would point out is that some of the severance, not all of it, was also cash paid out in the quarter, even though it was related to restructuring costs. I'd have to look into exactly how much of that was cash versus accrual, but those would also have been some of the items. -------------------------------------------------------------------------------- Michael Kupinski, Noble Financial Group - Analyst [43] -------------------------------------------------------------------------------- Operator [45] -------------------------------------------------------------------------------- Your next question comes from the line of Todd Morgan from Jefferies. Your line is open. -------------------------------------------------------------------------------- Eric Brass, Jefferies & Company - Analyst [46] -------------------------------------------------------------------------------- Hey, guys. This is actually [Eric Brass] on for Todd Morgan. Thanks for taking my questions. I just had a first question, just relating to your digital advertising versus -- sorry, your retail versus your digital advertising. I was just wondering how much of your digital advertising growth, maybe you can just talk high levels coming from current print advertisers, changing over from being print with you guys to digital and how does that impact the overall margins of the retail side of things? -------------------------------------------------------------------------------- Pat Talamantes, McClatchy Co - President & CEO [47] -------------------------------------------------------------------------------- It's an interesting question.

For the original version including any supplementary images or video, visit Edited Transcript of MNI earnings conference call or presentation 21-Jul-16 4:00pm GMT

Were thrilled to partner with them so that we can create experiences for our customers that make them feel beautiful no matter where they are. Its our mission to provide customers access to the best and most beautiful furniture and home decor, says Kathy Kuo, CEO and Founder of Kathy Kuo Home. Were excited to partner with Pitney Bowes to carry that mission beyond the US and help our global customers design the home of their dreams. Soludos was founded in New York City, however, our inspiration originates from the traditional rope soled espadrilles of Spain, says Nick Brown, CEO and Founder of Soludos.We're inspired by the so many corners of the world and it's important for us to ship to our customers across the globe." When global consumers visit the online sites of these brands and retailers, they will now be able to shop and receive localized marketing, currency and order totals including international shipping fees, customs, tariffs and taxes so they have a shopping experience that feels familiar to their local market. Order totals are guaranteed by Pitney Bowes at the time of checkout, eliminating any unforeseen changes to shipping and importation costs so there are never any surprises for buyers when items are delivered. We are continuing to see growing demand from online shoppers around the world to buy a variety of products from U.S. retailers that they cant access in their own markets, said Lila Snyder, Executive Vice President and President, Global Ecommerce, Pitney Bowes. We are delighted to be collaborating with Evolue, Kathy Kuo Home, The Land of Nod, the New York Times Store and Soludos to help them expand globally and provide a seamless shopping experience for consumers. Evolue offers skincare products that are made with the most luxurious ingredients around the world. Founded in 2010, Evolues eco-chic boutique in Beverly Hills, California is frequented by celebrities and health and beauty fans for their all-natural skincare products. A trusted online boutique, Kathy Kuo Home offers the highest quality materials, furnishing accessories and interior designing services. Based in New York, Kathy Kuo Home provides interior design consulting and hundreds of unique home decor products to clients nationwide.

For the original version including any supplementary images or video, visit Evolue, Kathy Kuo Home, The Land of Nod, The New York Times Store, Soludos Expand Globally with Borderfree Retail Solution from Pitney Bowes | Business Wire

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