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McClatchy Company
Gary B Pruitt is the CEO of McClatchy Company. McClatchy Company Buys Knight Ridder: On March 13, 2006, the McClatchy Company agreed to buy Knight Ridder for $4.5 billion in cash and stock.
Upon the completion of the purchase of Knight Ridder in June 2006, McClatchy sold 12 of the Knight Ridder newspapers. The company received about $2.1 billion for the sales. These newspapers included the San Jose Mercury News and the St. Paul Pioneer Press, both of which are now owned by MediaNews Group Inc.. Also sold were the two major dailies in Philadephia, and the Akron Beacon Journal.
McClatchy is now the second largest American newspaper company measured by daily circulation (appoximately 3.2 million). McClatchy operates 32 daily newspapers and about 50 non-dailies from its base in Sacramento, California.
McClatchy’s largest newspapers include the Star Tribune in Minneapolis-St. Paul, which it acquired in 1998 as part of the acquisition of Cowles Media Company. The company is known for its first publication, the Sacramento Bee, which was started in 1857 during the California Gold Rush by James McClatchy. The McClatchy Company bought the Merced Sun-Star in 2004, along with five other affiliated non-dailies in the San Joaquin Valley.
McClatchy is a publicly traded company (NYSE: MNI), controlled by the McClatchy family. The family also has an interest in the Pittsburgh Pirates baseball team.
Company revenue in 2004 was $1.163 billion. Local Media Properties
Other McClatchy Company Properties
CareerBuilder (partial ownership)
Cars.com
Classified Ventures, LLC (partial ownership)
CrossMedia Services, Inc.
McClatchy Interactive (formerly Nando Media)
McClatchy-Tribune Information Services (partial ownership)
Newsprint Ventures, Inc.
Ponderay Newsprint (partial ownership)
Real Cities
SP Newsprint Co.
Topix.net (partial ownership)
Comments about McClatchy CompanyComments to date: 5. The most recent comments are below.| |
Jeff Randall Sacramento, Ca | Posted at 1:17am on Friday, August 14th, 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
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Eric Kallgren Boulder, Colorado USA | Posted at 12:32pm on Thursday, March 19th, 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."
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Eric Kallgren Boulder, Colorado USA | Posted at 1:55pm on Sunday, February 8th, 2009 | On February 5, 2009, Reuters reported that McClatchy lost money in its latest quarter and is planning job and expense cuts:
"McClatchy Co reported a quarterly loss on Thursday because of a writedown and other charges, and said it will suspend bonuses and freeze salaries for senior executives as newspaper advertising revenue falls.
McClatchy, publisher of The Miami Herald and other U.S. newspapers, is the latest U.S. newspaper publisher to report grim advertising results. It also sees little improvement in coming months as the nation struggles with what Chief Executive Gary Pruitt called a "horrible economy."
Advertisers are fleeing from printed newspapers as more people get free news online, leaving U.S. publishers searching for ways to cut costs to pay debt while trying to find a business model that will ensure their survival."
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Omar Dhaka, Bangladesh | Posted at 1:04am on Thursday, January 29th, 2009 | Daer Sir,
We pleased to know about CBS paper-1, as we have printing factory here, if possible please send us some copy of sample to us through e-mail
Omar
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Duane Crites Lexington & Nicholasvill | Posted at 3:22am on Monday, July 2nd, 2007 | WIDOW IS VICTIM OF NEIGHBORHOOD TERRIORISM
THIS IS A TRUE STORY ABOUT THE WIDOW OF A
VETERAN OF TWO BRANCHES OF SERVICE IN THE UNITED STATES WHO HAS BEEN TARGETED FOR HER
VALUABLE COLLECTION OF ART, SILVER, JEWELRY AND OTHER VALUABLES.
THE MAIN SUSPECTS HAVE VIOLATED HER HOME,
REPUTATION AND CREDIBILITY WITH THEIR LONG
AND CAREFUL PLANS TO SYSTEMATICALLY DESTROY
HER AND HER LIFE.
SHE HAS HAD TWO MAJOR ROBBERIES FROM TWO
SEPARATE GROUPS. SHE KNOWS WHO THESE PEOPLE ARE AMD EVEN WENT TO THE LEXINGTON HERALD-LEADER FOR HELP. SHE WAS NOT EVEN ALLOWED
TO SPEAK WITH THE EDITOR OR MANAGING EDITOR
OF THE PAPER. THAT LENDED HER TO THINK THAT
SOMEONE WHO WORKED THERE IN THE PAST STILL
HAS TIES THERE AND THIS WIDOW CAN NOT EVEN
GET ANY HELP THERE.
HER ROBBERY INCLUDES NEIGHBORS, AUCTIONEERS,
FLEA MARKET AND ANTIQUE DEALERS, AND REAL
ESTATE AGENTS, SOME OF WHOM ADVERTISE IN THE
LEXINGTON HERALD-LEADER. ONE AUCTIONEER, IN
PARTICULAR, ADVERTISED HER STOLEN ART, SILVER, AND OTHER VALUABLES WHICH SHE DISCOVERED, BUT THUS FAR THEY HAVE GOTTEN
AWAY WITH THEIR COVER UP AND LIES.
THERE IS AN EXTENDED MAJOR THEFT RING OF
THESE SUSPECTS AND THEY HAVE RUINED THE
FINANCIAL SECURITY OF THIS WOMAN AND HER
FAMILY. HER HUSBAND, WHO WAS A WELL-
RESPECTED SEARCH AND RESCUE OFFICER IN THE
COAST GUARD AND FORMERLY IN THE ARMY, DIED
AS A RESULT OF SUICIDE AND SOME OF THE SUSPECTS ARE EVEN TRYING TO USE THAT FATAL
INCIDENT TO FURTHER HURT HER CREDIBILITY.
THIS IS ONE WOMAN, WHO IS A CAREGIVER FOR A
FRAIL ELDERLY PARENT, WHO HAS BEEN MALIGNED
BY MANY OF THESE SUSPECTS AND SHE IS FIGHTING
BACK.....BUT SHE NEEDS THE HELP OF YOUR ORGANIZATION. SHE IS IN URGENT NEED OF THE
BEST INVESTIGATIVE REPORTER YOU HAVE....BUT
NOT ANYONE IN THE LEXINGTON AREA FOR SHE DOES
NOT TRUST THAT SOME OF THE SUSPECTS HAVE CONNECTIONS WITH THE LOCAL PAPAER.
PLEASE HELP HER TO EXPOSE THESE CROOKS
BEFORE THEY TARGET ANOTHER WIDOW OR SENIOR
CITIZEN. THIS WOMAN IS ME.
VERY SINCERELY YOURS,
DUANE CRITES
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