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McClatchy CompanyGary 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. Contact Information
Local Media PropertiesSelect a media outlet to find a detailed profile at Mondo Times, the worldwide media guide. 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: 1. This is page 1 of 1.
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