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SACRAMENTO, Calif., Nov. 7 - The McClatchy Company (NYSE: MNI) today named three new publishers at its newspapers in Wichita, Kan., Columbus, Ga., and Rock Hill, S.C.
SACRAMENTO, Calif., Nov. 5 - Wesley R. Turner, president and publisher of the Fort Worth Star-Telegram in Texas for the past 10 years, has announced his retirement at the end of the year.
RALEIGH, N.C., Oct. 22 - The Real Cities Network (http://www.realcities.com) announced today the addition of award-winning SpokesmanReview.com to its rapidly growing network of local news websites. With the addition of SpokesmanReview.com, the Real Cities Network continues to build on its local penetration in the Inland Northwest, specifically in the greater Spokane, Wash., region.
SACRAMENTO, Calif., Oct. 16 - The McClatchy Company (NYSE: MNI) noted that the depreciation and amortization expense reported in its pro forma operating income for the nine months ended September 24, 2006 was reported as $117.1 million and should have been reported as $110.7 million. Revised schedules reconciling the pro forma amounts to GAAP -- reported amounts are attached to this release and are posted on our website at http://www.mcclatchy.com.
Expects to Record Non-Cash Impairment Charge to GAAP EarningsSACRAMENTO, Calif., Oct. 16 - The McClatchy Company (NYSE: MNI) today reported preliminary earnings from continuing operations in the third quarter of 2007 of $23.5 million, or 29 cents per share. Preliminary earnings do not include an anticipated non-cash charge to GAAP earnings for impairment of goodwill and long-lived assets discussed below, but do include a three cent per share charge related to certain tax positions taken by the company for which it has established reserves.
SACRAMENTO, Calif., Sept. 24 - The McClatchy Company (NYSE: MNI) announced today that its third quarter earnings conference call will be accessible live to the media and general public via Internet webcast and through listen-only, dial-in conference lines.
SACRAMENTO, Calif., Sept. 19 - The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in August 2007 decreased 9.2% and total revenues were down 8.4%. Year-to-date advertising revenues declined 8.0% and total revenues were down 7.1% on a pro forma basis (including the addition of newspapers purchased in the Knight Ridder acquisition and excluding the Minneapolis Star Tribune newspaper in the first six months of 2006).
SACRAMENTO, Calif., Sept. 14 - The McClatchy Company (NYSE: MNI) today announced that Larry Edgar, controller, has resigned effective February 29, 2008 to become managing partner of Edgar & Associates, a family-owned business that provides tax and accounting services. A search for Mr. Edgar's replacement will begin immediately.
RALEIGH, N.C., Sept. 4 -- The Real Cities Network (http://www.realcities.com), the nation's largest network of local news websites, has expanded its network with the addition of 51 websites owned and operated by MediaNews Group (http://www.medianewsgroup.com), the fourth-largest newspaper company in the United States. MediaNews Group operates 82 local newspaper websites nationwide, and these latest additions complement the 31 MediaNews Group websites already in the Real Cities Network.
SACRAMENTO, Calif., Sept. 4 - The McClatchy Company (NYSE: MNI) today reported that it has resolved outstanding issues related to its affiliate agreement with CareerBuilder and will continue in its 14.4% ownership stake in the nation's largest online job site.
SACRAMENTO, Calif., Aug. 20 - The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in July 2007 decreased 9.4% and total revenues were down 8.6%. Year-to-date advertising revenues declined 7.9% and total revenues were down 7.0% on a pro forma basis (including the addition of newspapers purchased in the Knight Ridder acquisition and excluding the Minneapolis Star Tribune newspaper in the first six months of 2006).
SACRAMENTO, Calif., Aug. 10 - The McClatchy Company (NYSE: MNI) today reported that it filed its Quarterly Report on Form 10-Q for the quarter ended July 1, 2007 (the Report) with the Securities Exchange Commission. In the company's Report, earnings for the second quarter of 2007 include the effect of an after-tax non-cash loss of $4.7 million, or six cents per share, related to the settlement of litigation and amendment to a Joint Operating Agreement expected to be paid by the Seattle Times Company (STC) in which McClatchy is a 49.5% owner. The resolution of the accounting treatment for this settlement was concluded subsequent to the company's preliminary earnings announcement on July 19, 2007.
SACRAMENTO, Calif., Aug. 8, 2007 -- The Anchorage Daily News won two McClatchy President’s Awards for work in the first half of 2007, and seven other entries were honored with prizes announced this week in Sacramento.
RALEIGH, N.C., July 25 -- Advertisers now have an easier way to reach the desirable demographic of newspaper website readers locally, regionally and nationally through one-order, one-bill and one-cost-per-thousand impressions.
SACRAMENTO, Calif., July 19 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported second quarter 2007 earnings from continuing operations of $39.2 million, or 48 cents per share, subject to final resolution of the accounting treatment of The Seattle Times settlement discussed below. Earnings from continuing operations in the second quarter of 2006 were $32.2 million, or 69 cents per share. The company's total net income for the 2007 quarter was $40.0 million, or 49 cents per share, compared to total net income of $44.1 million, or 94 cents per share, in the 2006 second quarter. Discontinued operations reflect the results of the (Minneapolis) Star Tribune newspaper which was sold on March 5, 2007. As a result of the acquisition of Knight Ridder on June 27, 2006 (the "Acquisition"), the company issued 35.0 million Class A shares which negatively impacted earnings per share for the 2007 quarter.
SACRAMENTO, Calif., July 18 - The McClatchy Company (NYSE: MNI) today declared a regular quarterly cash dividend of 18 cents per share. The third quarter dividend is payable October 1, 2007 to stockholders of record at the close of business on September 12, 2007.
SACRAMENTO, Calif., July 2 - The McClatchy Company (NYSE: MNI) announced today that its second quarter earnings conference call will be accessible live to the media and general public via Internet webcast and through listen-only, dial-in conference lines.
SACRAMENTO, Calif., June 20 - The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in May 2007 decreased 11.5% and total revenues were down 10.4% compared to pro forma revenues for May 2006 (including the addition of newspapers purchased in the Knight Ridder acquisition and excluding the Minneapolis Star Tribune newspaper). Year-to-date advertising revenues declined 7.1% and total revenues were down 6.2% on a pro forma basis.
SACRAMENTO, Calif., June 6 - The McClatchy Company (NYSE: MNI) said today that on Wednesday, June 20, 2007, management will provide an update on its business and strategies at the Mid-Year Media Review, an analyst forum which includes various media companies around the nation. The conference is sponsored by the Newspaper Association of America and will be held at the McGraw-Hill Building in New York City. McClatchy's presentation will begin at 10:00 A.M. Eastern time and will be available to the media and general public via live Internet webcast.
SACRAMENTO, Calif., May 21 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in April 2007 decreased 7.6% and total revenues were down 5.5% compared to pro forma revenues (including the addition of newspapers purchased in the Knight Ridder acquisition and excluding the Minneapolis Star Tribune newspaper). Year-to-date advertising revenues declined 6.0% and total revenues were down 5.1% on a pro forma basis.
SACRAMENTO, Calif., May 16 - The McClatchy Company (NYSE: MNI) today declared a regular quarterly cash dividend of 18 cents per share. The second quarter dividend is payable July 2, 2007 to stockholders of record at the close of business on June 13, 2007.
SACRAMENTO, Calif., April 24 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported first quarter 2007 earnings from continuing operations of $14.5 million, or 18 cents per share, compared to earnings from continuing operations of $21.8 million, or 46 cents per share, in the first quarter of 2006. A loss from discontinued operations of $5.5 million, or 7 cents per share, reflects the results of the (Minneapolis) Star Tribune newspaper which was sold on March 5, 2007. The company's total net income for the 2007 quarter was $9.0 million, or 11 cents per share, compared to total net income of $27.7 million, or 59 cents per share, in the 2006 first quarter. As a result of the acquisition of Knight Ridder on June 27, 2006 (the "Acquisition"), the company issued 35.0 million Class A shares which negatively impacted earnings per share for the 2007 quarter.
SUNNYVALE, CA, April, 16, 2007 -- Yahoo! Inc (Nasdaq: YHOO) and a group of 12 leading U.S. newspaper companies today announced a definitive agreement that expands a growing partnership combining the newspapers’ unmatched local news and advertising reach with the leading technologies and audience of Yahoo!, the leading global Internet brand and one of the most trafficked Internet destinations worldwide.
SACRAMENTO, Calif., April 2 - The McClatchy Company (NYSE: MNI) announced today that its first quarter earnings conference call will be accessible live to the media and general public via Internet webcast and through listen-only, dial-in conference lines.
WASHINGTON, March 28 -- Yahoo! News and The McClatchy Company (NYSE: MNI) announced today that they will team up to offer international news coverage from a range of international geographic regions on Yahoo! News. The project, to be called "Trusted Voices," will offer in- depth perspectives and coverage from McClatchy foreign correspondents based in select regions, including Iraq, the Middle East, China and Latin America. The coverage will include traditional news stories from McClatchy newspapers and will further tap the regional expertise of the correspondents through exclusive blog reports designed to guide readers in understanding the news from these regions.
SACRAMENTO, Calif., March 20 - The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in February 2007 decreased 5.2% and total revenues were down 5.1% compared to pro forma revenues (including the addition of newspapers purchased in the Knight Ridder acquisition and excluding the Minneapolis Star Tribune newspaper). Year-to-date advertising revenues declined 5.5% and total revenues were down 5.2% on a pro forma basis.
SACRAMENTO, Calif., March 5 - The McClatchy Company (NYSE: MNI) of Sacramento, CA announced that it has successfully completed the previously announced sale of the Star Tribune newspaper of Minneapolis, MN to Avista Capital Partners for $530 million. In addition, McClatchy expects a future cash tax benefit equal to approximately $160 million related to the sale. The purchase covers the newspaper as well as other publications and websites related to the newspaper.
SACRAMENTO, Calif., March 1 -- The McClatchy Company (NYSE: MNI) today reported that it filed its Annual Report on Form 10-K for the year ended December 31, 2006 (the "Report") with the Securities & Exchange Commission. In the company's Report, earnings for full year 2006 were revised to increase income from continuing operations and loss from discontinued operations compared to the amounts included in the company's February 6, 2007 earnings release. No change was made to net loss for 2006.
RALEIGH, N.C., Feb. 23 - Today, the Real Cities Network (http://www.realcities.com) announced the addition of two new sites to its fast-growing national advertising network of local newspaper websites: http://www.statesman.com and http://www.austin360.com in Austin, Texas. Nielsen/NetRatings custom research for January 2007 shows that Real Cities reaches more than 31 million monthly unique visitors representing 20 percent of the active internet population.
SACRAMENTO, Calif., Feb. 23/PR Newswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in January 2007 decreased 5.8% and total revenues were down 5.2% compared to pro forma revenues (including the addition of newspapers purchased in the Knight Ridder acquisition and excluding the Minneapolis Star Tribune newspaper).
SACRAMENTO, Calif., Feb. 13 -- A total of 15 McClatchy President's Awards have been given to journalists at 13 of the company's news organizations. The awards recognize outstanding work from the second half of 2006. Three different newsrooms captured two prizes each in the contest, with overall winners spanning from Anchorage to Miami.
SACRAMENTO, Calif., Feb. 6 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported fourth quarter 2006 income from continuing operations of $75.5 million, or 92 cents per share. A loss from discontinued operations of $354.8 million, or $4.33 per share was recorded in the quarter relating to the results of the Star Tribune newspaper which the company is selling (see discussion below). The loss from discontinued operations includes a $363.0 million after tax write-down of the net assets of the Star Tribune to the agreed-upon selling price. The company's total net loss for the 2006 quarter was $279.3 million, or $3.41 per share, including discontinued operations.
SACRAMENTO, Calif., Jan. 29 - The McClatchy Company (NYSE: MNI) announced today that its fourth quarter earnings conference call will be accessible live to the media and general public via Internet webcast and through listen-only, dial-in conference lines.
SACRAMENTO, Calif., Jan. 23 - The McClatchy Company (NYSE: MNI) today declared a regular quarterly cash dividend of 18 cents per share. The first quarter dividend is payable April 2, 2007 to stockholders of record at the close of business on March 14, 2007.
SACRAMENTO, Calif. and NEW YORK, Dec. 26 -- The McClatchy Company (NYSE: MNI) today announced that it has reached a definitive agreement to sell the Star Tribune newspaper of Minneapolis, MN to Avista Capital Partners for $530 million. In addition, McClatchy expects a future cash tax benefit equal to approximately $160 million related to the sale. The purchase covers the newspaper as well as other publications and websites related to the newspaper. The transaction is expected to close in the first quarter of 2007.
SACRAMENTO, Calif., Dec. 22 -- Nine newspapers have been awarded 2006 McClatchy President's Awards in the community newspaper division, a competition designed to recognize the best among the company's nondaily newspapers. Each first-place winner receives $1,000, and the winning publication receives a crystal trophy; second-place winners receive $500.
SACRAMENTO, Calif., Dec. 6 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in November 2006 decreased 4.7% and total revenues declined 4.3% compared to pro forma revenues (including the addition of the 20 newspapers purchased and retained in the Knight Ridder acquisition). Year-to-date pro forma advertising revenues were up 0.1% and total pro forma revenues were down 0.6%.
SACRAMENTO, Calif., Nov. 29 - The McClatchy Company (NYSE: MNI) today declared a regular quarterly cash dividend of 18 cents per share. The fourth quarter dividend is payable January 2, 2007 to stockholders of record at the close of business on December 15, 2006.
SACRAMENTO, Calif., Nov. 28 - The McClatchy Company (NYSE: MNI) said today that management will provide an update on its business, strategies and management's outlook next week at the CSFB Global Media Conference at the Crowne Plaza Times Square Hotel in New York City on December 6, 2006, at 9:40 AM Eastern time. The presentation will be available to the media and general public via live internet webcast. The webcast of McClatchy's presentation will be accessible at http://www.mcclatchy.com and at http://www.csfb.com on December 6. An archive of McClatchy's presentation will continue to be available at McClatchy's website following the conference.
SACRAMENTO, Calif., Nov. 15 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in October 2006 decreased 2.1% and total revenues were down 2.2% compared to pro forma revenues (including the addition of newspapers purchased in the Knight Ridder acquisition). Year-to-date pro forma advertising revenues grew 0.6% and total pro forma revenues were down 0.2%.
SAN JOSE, Calif. – Today, the Real Cities Network (www.realcities.com) announced the addition of four new affiliates to its national advertising network of local newspaper websites: www.VenturaCountyStar.com in Ventura, Calif.; www.espasotimes.com in El Paso, Texas; www.in-forum.com in Fargo, N.D.; and www.roanoke.com in Roanoke, Va. According to Nielsen//NetRatings custom research for August 2006, Real Cities now reaches more than 31.4 million monthly unique visitors,* representing 20 percent of the active internet population.
SACRAMENTO, Calif., Oct. 17 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported third quarter 2006 earnings of $51.8 million, or 64 cents per share, including a loss from discontinued operations of $8.9 million, or 11 cents per share.
SACRAMENTO, Calif., Oct. 3 - The McClatchy Company (NYSE: MNI) announced today that Jesus Diaz Jr. has resigned as president of The Miami Herald Media Company to seek opportunities outside the newspaper industry. MHMC's general manager, David Landsberg has been named to the post.
SACRAMENTO, Calif., Sept. 14 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in August 2006 decreased 0.3% and total revenues were down 1.1% compared to pro forma revenues (including the addition of newspapers purchased in the Knight Ridder acquisition). Year-to-date pro forma advertising revenues grew 1.3% and total pro forma revenues were up 0.3%.
SACRAMENTO, Calif., Sept. 12 - The McClatchy Company (NYSE: MNI) announced today that its third quarter earnings conference call will be accessible live to the media and general public via Internet webcast and through listen-only, dial-in conference lines.
SACRAMENTO, Calif., Aug. 17 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in July 2006 were flat with July 2005 and total revenues were down 1.3% compared to pro forma revenues (including the addition of newspapers purchased in the Knight Ridder acquisition). Year-to-date pro forma advertising revenues grew 1.5% and total pro forma revenues were up 0.4%.
SACRAMENTO, Calif., Aug. 2, 2006 – McClatchy President’s Awards for excellence have gone to eight different organizations in recognition of superior work in the first half of 2006.
SACRAMENTO, Calif., Aug. 2 - The McClatchy Company (NYSE: MNI) announced that it has successfully completed the transaction with MediaNews Group, Inc. (MediaNews) and Hearst Corporation (Hearst) under which the companies will pay McClatchy $1.0 billion in cash to acquire four newspapers. As part of this transaction, MediaNews has acquired the San Jose Mercury News and Contra Costa Times, and Hearst has acquired the Monterey (CA) Herald and the St. Paul Pioneer Press in St. Paul, Minnesota.
SACRAMENTO, Calif., Aug. 2 - The McClatchy Company (NYSE: MNI) confirmed today that it has now completed its divestiture plan with the closing of sales of all 12 former Knight Ridder newspapers it identified for divestiture at the time of the announcement of the Knight Ridder acquisition. In all, McClatchy received $2.078 billion from the sales of the papers, which represents a multiple of 11 times their trailing 12-month cash flows.
SACRAMENTO, Calif., Aug. 1 - The McClatchy Company (NYSE: MNI) announced that it has successfully completed the previously announced sale of the Akron Beacon Journal to Sound Publishing Holdings, Inc., a wholly-owned subsidiary of Black Press Ltd. The purchase covers the Akron Beacon Journal and certain publications and web sites related to the newspaper.
McLEAN, Va., SACRAMENTO, Calif., and CHICAGO, Aug. 1 - Gannett Co., Inc. (NYSE: GCI), The McClatchy Company (NYSE: MNI), and Tribune Company (NYSE: TRB), today announced an agreement concerning their ownership stakes in CareerBuilder.com, the nation's largest online classified recruitment site, and two other online businesses, ShopLocal.com and Topix.net.
SACRAMENTO, Calif., July 28 - A U.S. District Court judge in San Francisco today denied a request for a temporary restraining order (TRO) to block The McClatchy Company's proposed sale of the San Jose Mercury News and Contra Costa Times to MediaNews Group, Inc. (MediaNews) and the Monterey (CA) Herald and the St. Paul Pioneer Press to The Hearst Corporation (Hearst). The TRO had been requested by the plaintiff to delay the closure of the sale in connection with a lawsuit filed against MediaNews, Hearst, Stephens Group Inc., Gannett Co. Inc. and California Newspapers Partnership.
SACRAMENTO, Calif., July 28 - The McClatchy Company (NYSE: MNI) announced that it has successfully completed the previously announced sale of the Times Leader of Wilkes-Barre, Pa., to The Wilkes-Barre Publishing Company Inc.
SACRAMENTO, Calif., July 24 - The McClatchy Company (NYSE: MNI) today declared a regular quarterly cash dividend of 18 cents per share. The third quarter dividend is payable October 2, 2006 to stockholders of record at the close of business on September 13, 2006.
SACRAMENTO, Calif., July 13 - The McClatchy Company (NYSE: MNI) today reported second quarter 2006 earnings of $44.1 million, or 94 cents per share, compared to earnings of $44.2 million, or 94 cents per share, in the second quarter of 2005.
SACRAMENTO, Calif., July 10 - The McClatchy Company (NYSE: MNI) today named Mi-Ai Parrish publisher of The Idaho Statesman newspaper in Boise.
SACRAMENTO, Calif., June 29 - The McClatchy Company (NYSE: MNI) of Sacramento, CA announced that it has successfully completed the previously announced sale of Philadelphia Newspapers, Inc. (PNI) to Philadelphia Media Holdings LLC (PMH) in a transaction valued at $562 million. The purchase covers the Philadelphia Inquirer and Philadelphia Daily News, both daily newspapers, and related media assets including philly.com. As anticipated, the transaction closed within the same time frame as the close of McClatchy's Knight Ridder acquisition, which was completed on Tuesday, June 27.
CHICAGO, June 29 - The McClatchy Company and Tribune Media Services, a subsidiary of Tribune Company, today announced a change in the name of the Knight Ridder/Tribune Information Services (KRT). Effective immediately, the entity will be known as the McClatchy-Tribune Information Services.
SACRAMENTO, Calif., June 28 - The McClatchy Company (NYSE: MNI) today named William H. Fleet publisher and president of The Bradenton Herald in Florida.
SACRAMENTO, Calif., June 27 - The McClatchy Company (NYSE: MNI) of Sacramento, CA announced that it has successfully completed its acquisition of Knight-Ridder, Inc. (NYSE: KRI) of San Jose, CA, following yesterday's approval of the transaction by Knight Ridder's shareholders and receipt of all regulatory approvals. As a result of the acquisition, Knight Ridder common stock will no longer be traded, and shares of Knight Ridder common stock were converted into the right to receive $40.00 in cash and a fixed fraction of .5118 of a Class A McClatchy share. McClatchy will issue approximately 34.9 million new Class A shares to previous Knight Ridder shareholders.
Appoints Tony Ridder and Dr. Kathleen Feldstein to Board SACRAMENTO, Calif. and SAN JOSE, Calif., June 26 - The McClatchy Company (NYSE: MNI) of Sacramento, CA announced that it expects to complete its acquisition of Knight-Ridder, Inc. (NYSE: KRI) of San Jose, CA, on Tuesday, June 27, following today's approval of the transaction by Knight Ridder's shareholders. McClatchy will then become the nation's second- largest newspaper company measured by daily circulation, publishing 32 daily newspapers with a combined circulation of 3.3 million.
SACRAMENTO, Calif. and WILKES-BARRE, Pa., June 26 - The McClatchy Company (NYSE: MNI) today announced that it has reached a definitive agreement to sell the Times Leader of Wilkes-Barre, Pa., to The Wilkes-Barre Publishing Company Inc., a firm newly formed by Richard L. Connor in partnership with local Wilkes-Barre investors and HM Capital Partners, LLC. The purchase covers the Times Leader and certain publications and websites related to the newspaper. Terms of the transaction were not disclosed.
SACRAMENTO, Calif., June 23 - Margaret R. Randazzo was named publisher and president of The Modesto Bee today by The McClatchy Company (NYSE: MNI). She will also have oversight of the Merced Sun-Star.
SACRAMENTO, Calif., June 20 - The McClatchy Company (NYSE: MNI) announced today that its second quarter earnings conference call will be accessible live to the media and general public via Internet webcast and through listen-only, dial-in conference lines.
SACRAMENTO, Calif., June 14 - The McClatchy Company (NYSE: MNI), said today it has received early termination of Hart-Scott-Rodino inquiries into the sale of two Philadelphia newspapers. The company also said it has received notice from the U.S. Department of Justice (DOJ) requesting additional information concerning the sale of the San Jose Mercury News and Contra Costa Times in California to MediaNews Group, Inc. (MediaNews) of Denver, CO. All the transactions involve McClatchy's pending acquisition of Knight-Ridder, Inc. (San Jose, CA, NYSE: KRI).
SACRAMENTO, Calif., June 14 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in May 2006 increased 4.8% and total revenues rose 3.2%. Year-to-date advertising revenues grew 1.2% and total revenues were up 0.3%.
SACRAMENTO, Calif. and GRAND FORKS, N.D., June 7 - The McClatchy Company (NYSE: MNI) today announced a definitive agreement to sell the Duluth News Tribune and the Grand Forks Herald to Forum Communications Company (Forum Communications). Financial terms of the transaction were not disclosed at the buyer's request. The purchase includes certain publications and websites related to those newspapers.
SACRAMENTO, Calif., FORT WAYNE, Ind. and WHEELING, W.Va, June 7 - The McClatchy Company (NYSE: MNI) today announced a definitive agreement to sell The News-Sentinel of Fort Wayne, IN, to the Ogden Newspapers. Financial terms of the transaction were not disclosed at the buyer's request. The purchase covers The News-Sentinel, a 75% stake in the Fort Wayne Joint Operating Agency (JOA) and certain publications and web sites related to the newspapers. The News-Sentinel is currently owned by Knight-Ridder, Inc., which McClatchy has agreed to acquire. The parties intend to close the transaction as soon as possible after the close of McClatchy's Knight Ridder acquisition, which is expected this summer.
SACRAMENTO, Calif. and SOUTH BEND, Ind., June 7 - The McClatchy Company (NYSE: MNI) today announced a definitive agreement to sell the American News to Schurz Communications, Inc. Financial terms of the transaction were not disclosed at the buyer's request. The purchase covers the American News and certain publications and web sites related to the newspaper.
SACRAMENTO, Calif., June 7 - The McClatchy Company (NYSE: MNI) has entered into definitive agreements to sell five more Knight Ridder newspapers. As a result, McClatchy has now entered into definitive sales agreements for 11 of the 12 newspapers it is seeking to divest, the company announced. The sale of the 11 newspapers will bring total consideration of slightly more than $2 billion, including cash proceeds of $1.935 billion.
SACRAMENTO, Calif. and VICTORIA, British Columbia, June 7 - The McClatchy Company (NYSE: MNI) today announced a definitive agreement to sell the Akron Beacon Journal to Sound Publishing Holdings, Inc.
SACRAMENTO, Calif., May 26 - James Briggs McClatchy, a fourth-generation family owner of the newspaper company that bears his name, died at his home in Carmichael, Calif., early Friday morning of complications from an infection following recent surgery. He was 85 years old.
SACRAMENTO, Calif. and PHILADELPHIA, May 23 - The McClatchy Company (NYSE: MNI) today announced a definitive agreement to sell Philadelphia Newspapers, Inc. (PNI) to Philadelphia Media Holdings LLC (PMH) in a transaction valued at $562 million. The purchase covers the Philadelphia Inquirer and Philadelphia Daily News, both daily newspapers, and related media assets including philly.com. Philadelphia Media Holdings was formed by a group of local investors headed by advertising executive Brian Tierney for the purpose of acquiring these assets. The two newspapers are currently owned by Knight-Ridder, Inc., which McClatchy has agreed to acquire. The parties intend to close the transaction within roughly the same time frame as the close of McClatchy's Knight Ridder acquisition, which is expected this summer.
SACRAMENTO, Calif., May 19 - The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in April 2006 decreased 2.2% and total revenues declined 2.4%. Year-to-date advertising revenues grew 0.3% and total revenues were down 0.4%.
SACRAMENTO, Calif., May 17 - The McClatchy Company (NYSE: MNI) today declared a regular quarterly cash dividend of 18 cents per share. The second quarter dividend is payable July 3, 2006 to stockholders of record at the close of business on June 14, 2006.
SACRAMENTO, Calif., DENVER, and NEW YORK, April 26 - The McClatchy Company (NYSE: MNI) today announced a definitive agreement with MediaNews Group, Inc. (MediaNews) of Denver, CO and Hearst Corporation (Hearst) of New York City under which the companies will pay McClatchy $1.0 billion in cash to acquire four newspapers. MediaNews will purchase two northern California papers, the San Jose Mercury News and Contra Costa Times, and Hearst will acquire the Monterey (CA) Herald, and the St. Paul Pioneer Press in St. Paul, Minnesota. Under a separate agreement between Hearst and MediaNews, Hearst has agreed to contribute the St. Paul Pioneer Press and Monterey Herald to MediaNews in return for an equity investment in the non San Francisco Bay Area assets of MediaNews, subject to, among other things, regulatory approval. In the event such transaction is not consummated, MediaNews has agreed to acquire these newspapers from Hearst. The four newspapers are currently owned by Knight-Ridder, Inc., which McClatchy agreed last month to acquire. The parties intend to close the transaction as promptly as possible after the close of McClatchy's Knight Ridder acquisition, which is expected this summer.
SACRAMENTO, Calif., April 26 - The McClatchy Company (NYSE: MNI), today announced it has received a request for additional information from the U.S. Department of Justice (DOJ) pertaining to McClatchy's pending acquisition of Knight-Ridder, Inc. (San Jose, CA), (NYSE: KRI).
SACRAMENTO, Calif., April 13 - The McClatchy Company (NYSE: MNI) today reported first quarter 2006 earnings of $27.7 million, or 59 cents per share, compared to earnings of $32.3 million, or 69 cents per share, in the first quarter of 2005.
SACRAMENTO, Calif., April 3 - The McClatchy Company (NYSE: MNI) announced today that its first quarter earnings conference call will be accessible live to the media and general public via Internet webcast and through listen-only, dial-in conference lines.
SACRAMENTO, Calif., March 20 - The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in February 2006 decreased 0.8% and total revenues declined 1.6%. Year-to-date advertising revenues grew 2.1% and total revenues were up 0.8%.
SACRAMENTO, Calif., March 13 - Lynn Dickerson today was named vice president, operations, by The McClatchy Company (NYSE: MNI).
SACRAMENTO, Calif. and SAN JOSE, Calif., March 13 - The McClatchy Company (NYSE: MNI) of Sacramento, CA and Knight-Ridder, Inc. (NYSE: KRI) of San Jose, CA today announced they have signed a definitive agreement under which McClatchy will acquire Knight Ridder in a transaction valued at $67.25 per share consisting of $40.00 in cash and a fixed fraction of .5118 of a Class A McClatchy share. The transaction values Knight Ridder at approximately $6.5 billion, including approximately $2.0 billion in assumed debt at closing.
SACRAMENTO, Calif. - Seven different newspapers won a total of 10 McClatchy President's Awards for excellence during the second half of 2005. Three newspapers captured two awards each and four papers won a single award.
SACRAMENTO, Calif., Feb. 9 - The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in January 2006 increased 4.6% and total revenues increased 3.0%.
SACRAMENTO, Calif., Jan. 25 - The McClatchy Company (NYSE: MNI) today reported fourth quarter 2005 earnings of $45.4 million, or 97 cents per share, compared to earnings of $47.8 million, or $1.02 per share, in the fourth quarter of 2004.
SACRAMENTO, Calif., Jan. 24 - The McClatchy Company (NYSE: MNI) today declared a regular quarterly cash dividend of 18 cents per share. The first quarter dividend is payable April 3, 2006 to stockholders of record at the close of business on March 15, 2006.
FRESNO, Calif., Jan. 24 - Vida en el Valle, regularly judged to be the best bilingual weekly newspaper in the country, will expand to become the nation's largest Latino-focused weekly as well when new deliveries in Sacramento and Stockton begin next month. The McClatchy-owned (NYSE: MNI) publication will begin distributing to 40,000 households through The Sacramento Bee and another 20,000 through a cooperative agreement with The Record in Stockton. With its expanded distribution of more than 167,000, Vida will cover a vast portion of the San Joaquin Valley, which is currently the fourth largest Latino market base in the United States.
SACRAMENTO, Calif., Jan. 9 - The McClatchy Company (NYSE: MNI) announced today that its fourth quarter earnings conference call will be accessible live to the media and general public via Internet webcast and through listen-only, dial-in conference lines.
SACRAMENTO, Calif. -- The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in November 2005 increased 1.6% and total revenues increased 0.7%.
SACRAMENTO, Calif., Nov. 30 - The McClatchy Company (NYSE: MNI) today declared a regular quarterly cash dividend of $.18 cents per share. The fourth quarter dividend is payable January 2, 2006, to stockholders of record at the close of business on December 16, 2005.
SACRAMENTO, Calif., Nov. 30 - The McClatchy Company (NYSE: MNI) -- An audit released today by the Audit Bureau of Circulations (ABC) has confirmed the Star Tribune's earlier findings that no circulation adjustments are required for any numbers previously reported by the newspaper.
SACRAMENTO, Calif., Nov. 29 - The McClatchy Company (NYSE: MNI) said today that management will provide an update on its business, strategies and management's outlook at two conferences next week: the CSFB Global Media Conference at the Crowne Plaza Times Square Hotel in New York City on December 7, 2005, at 1:30 PM Eastern time, and the UBS 33rd Annual Media Week Conference at the Grand Hyatt New York at 3:30 PM Eastern time on the same day. Both presentations will be available to the media and general public via live internet webcast. The webcasts of McClatchy's presentations will be accessible at http://www.mcclatchy.com . The webcasts can also be accessed at http://www.csfb.com and at http://www.ibb.ubs.com on December 7. Archives of McClatchy's presentations will continue to be available at McClatchy's website following the conferences.
SACRAMENTO, Calif., Nov. 17 - The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in October 2005 increased 2.4% and total revenues increased 1.9%. Year-to-date advertising revenues were up 3.3% and total revenues were up 2.4%.
SACRAMENTO, Calif., Oct. 18 - The McClatchy Company (NYSE: MNI) today announced that it has completed an extensive investigation of Star Tribune newspaper circulation that was challenged in a recent lawsuit. The Company said it is confident there is no need for the Twin Cities newspaper to restate any numbers it has submitted to the Audit Bureau of Circulations.
SACRAMENTO, Calif., Oct. 18 - The McClatchy Company (NYSE: MNI) today reported third quarter earnings of $38.6 million, or 82 cents per share. Earnings in the quarter include costs for litigation expenses related to a previously disclosed circulation lawsuit filed against the company. Excluding these costs, earnings were $39.3 million or 84 cents per share. Earnings in the 2004 third quarter were $39.1 million, or 83 cents per share.
SACRAMENTO, Calif., Sept. 26 - The McClatchy Company (NYSE: MNI) today announced that its Board of Directors has authorized the repurchase of up to $200 million of its Class A common stock.
SACRAMENTO, Calif., Sept. 22 - The McClatchy Company (NYSE: MNI) announced today that its third quarter earnings conference call will be accessible live to the media and general public via Internet webcast and through listen-only, dial-in conference lines on October 18, 2005, two days earlier than previously announced.
SACRAMENTO, Calif., Sept. 20 - The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in August 2005 increased 2.7% and total revenues increased 1.7%. Year-to-date advertising revenues were up 3.3% and total revenues were up 2.4%.
SACRAMENTO, Calif., Aug. 17 - The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in July 2005 increased 2.8% and total revenues increased 2.0%. Year-to-date advertising revenues were up 3.4% and total revenues were up 2.6%.

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