McClatchy Company profile and media properties

Stacey Baker    Los Banos Ca USA

Posted at 3:21am on Sunday, December 11, 2011

This company is letting our local newspaper die. When I moved to Los Banos 25 years ago the "Enterprise" came out twice a week. The paper had it's own building on I st. Now it is located in a small store front downtown, and only comes out once a week. I read on this site that circulation is just under 4,000, in a town of approx 35,000 people. I am no good at math but isn't that like 1,5% of the population? It is because they do not print all the stuff going on in this city, instead they only report the bare minimum of the crime, and that is why the paper is dying. I fear one day soon we will not have a local newspaper at all

Media Owners editors    Boulder Colorado USA

Posted at 7:56am on Thursday, March 31, 2011

-- March 30, 2011 -- Frank Whittaker, vice president for operations at The McClatchy Company, will retire, effective May 27. A search is underway for his successor.

Media Owners editors    Boulder Colorado USA

Posted at 12:26pm on Tuesday, February 1, 2011

McClatchy Announces Termination of Miami Land Agreement

"The McClatchy Company announced on February 1, 2011 that the agreement to sell 10 acres of land adjacent to The Miami Herald has been terminated. Under the terms of the existing purchase agreement, as amended on January 19, 2010, the buyer had until Jan. 31, 2011, to close the transaction.

Under the terms of an agreement with the developer, McClatchy is now entitled to receive a $7 million termination fee. McClatchy previously received approximately $16.5 million in nonrefundable deposits, which it used to repay debt.

Pat Talamantes, McClatchy's vice president and CFO, said, "While we would have preferred to close the transaction on the terms under the purchase agreement, we retain a valuable parcel of 10 acres in an attractive area and believe we will have numerous options to monetize this asset.""

Media Owners editors    Boulder Colorado USA

Posted at 9:35am on Friday, January 14, 2011

McClatchy Announces Contribution of Real Estate to Defined Benefit Pension Plan

-- January 14, 2011 -- The McClatchy Company announced today it has contributed certain company-owned real estate to its qualified defined benefit pension plan. The real estate, including certain land and buildings, is located in Bradenton, Fla.; Charlotte, N.C.; Lexington, Ky.; Macon, Ga.; Myrtle Beach, S.C.; Olympia, Wash.; and Rock Hill, S.C., and has been valued by independent appraisals at approximately $49.6 million in total.

The company is leasing back the property from its pension plan for 10 years and will pay aggregate annual rent of approximately $4.0 million to the pension plan. The contribution of the property will not have any impact on the company's day-to-day operations at its newspapers in these locations. The property will be managed by WhiteStar Advisors, LLC (WhiteStar), an independent real estate advisory firm engaged by the pension plan. WhiteStar hired independent real estate appraisers to determine the value of the real estate contributed to the plan.

As previously announced, McClatchy expects its required pension contribution under federal law to be approximately $50 million in 2011. The contribution of real estate is expected to satisfy virtually all of the company's required pension contribution for the year. The final amount of the 2011 contribution is expected to be determined in the third quarter of 2011 when the company's actuaries complete the annual valuation of the pension plan. The remaining required contribution, if any, will be made in cash.

Mondo Times editors    Boulder Colorado USA

Posted at 9:00am on Thursday, December 9, 2010

McClatchy CEO: Death of Newspaper Classifieds Greatly Exaggerated

-- Poynter.org, the web site of the Poynter Institute, reported on December 9, 2010:

"If there is a consensus truism about the decline of the newspaper industry, it is that the slow death of a once-lucrative print classified franchise is the biggest culprit.

Not so fast, McClatchy CEO Gary Pruitt told investors and analysts Wednesday morning at the annual UBS Global Media Conference in New York. Classifieds are recovering faster than other segments of the company’s advertising base, Pruitt said, and should be a healthy business for years to come.

How’s that? Pruitt cited a series of changes and strategies that are beginning to pay off."

Get the full story.

Media Owners editors    Boulder Colorado USA

Posted at 8:28am on Wednesday, November 24, 2010

McClatchy to Provide Business Update

-- November 23, 2010 -- The McClatchy Company will review its business and strategies in a presentation at the 38th Annual UBS Global Media & Communications Conference at the Grand Hyatt New York on December 8, 2010, at 11:30 a.m. The company's presentation will be webcast live on its site, www.mcclatchy.com, and on www.ibb.ubs.com/Conferences/. McClatchy's presentations via webcast will continue to be archived at its website for future reference.

Herbert Stamper    Palmetto,fl U.S.

Posted at 5:03pm on Wednesday, November 3, 2010

Please send me an email address so i can send you one of the best letters to editor you have ever read. i would love to see it in ALL newspapers in America,and i think you will as well.
Herb Stamper

Media Owners editors    Boulder Colorado USA

Posted at 7:44am on Wednesday, October 27, 2010

McClatchy Names Anders Gyllenhaal Vice President, News and Washington Editor

-- October 26, 2010 -- Anders Gyllenhaal, the senior vice president and executive editor of The Miami Herald who has led three McClatchy newsrooms over his career, today was named vice president, news and Washington editor by The McClatchy Company. His appointment is effective Nov. 1.

Gyllenhaal, 59, has been The Miami Herald's executive editor since 2007. From 2002 to 2007, he served as editor and senior vice president at the Star Tribune in Minneapolis under McClatchy ownership. Previously, he was executive editor and senior vice president of The News & Observer in Raleigh, N.C.

Gyllenhaal is the immediate past chairman of the Pulitzer Prize Board and served on the Pulitzer board from 2001 to 2010.

Jeff Randall    Sacramento, Ca

Posted at 1:17am on Friday, August 14, 2009

I would like to write a weekly column, but do not know how to go about doing so. If you like I can provide 7 examples of my writing.

Please contact me at:

jerandall@sanjuan.edu

Eric Kallgren    Boulder, Colorado USA

Posted at 12:32pm on Thursday, March 19, 2009

On March 9, 2009, the Wall Street Journal reported that McClatchy will cut 1,600 more jobs:

"McClatchy Co. will cut 1,600 jobs, or 15% of its work force, and cut salaries, including for its chief executive, as the company looks to save money and navigate through what it called "an increasingly poor national economic environment.

Last month, the ailing newspaper publisher had announced plans to cut costs by up to another $110 million, but it didn't provide any details. The latest job cuts come on top of a plan announced in September to cut 10% of its work force to save $100 million annually.
[McClatchy] Associated Press

As with other newspaper companies, McClatchy is suffering as readers and advertisers shift away from newspapers. The economic downturn is particularly painful for McClatchy, however, since it has large newspapers in areas hit hard by the real-estate meltdown.

The company has already said it will suspend its dividend after the current quarter, joining several other publishers who have cut or suspended payouts."