The McClatchy
Company (NYSE: MNI) announced today that its fourth quarter 2008 earnings
conference call will be accessible live to the media and general public via
internet webcast and through listen-only, dial-in conference lines. The McClatchy Company (NYSE:MNI) today named Eric E. Johnston as president and publisher of The Modesto Bee in California. The McClatchy
Company (NYSE: MNI) announced today that it has extended the closing date of
its agreement to sell 10 acres of land adjacent to The Miami Herald in order
to allow the buyer additional time to arrange financing in this difficult
credit environment. The McClatchy
Company (NYSE: MNI) today reported that consolidated revenues in November 2008
decreased 19.4% and advertising revenues were down 22.4% compared to revenues
in November 2007. The Company noted that the declines in print advertising
were partially offset by a 7.5% gain in online advertising revenues in
November 2008 compared to November 2007. For the first eleven months of the
year, total revenues declined 15.9% and advertising revenues declined 17.8%.
Online advertising grew 10.6% in the first eleven months of 2008. Howard Weaver, the
vice president of news at The McClatchy Company (NYSE: MNI) who twice led the
Anchorage Daily News to Pulitzer Prize gold medals for public service, has
announced his retirement at the end of the year. The McClatchy Company
(NYSE: MNI) will review its business and strategies in a presentation at the
36th Annual UBS Global Media & Communications Conference at the Grand Hyatt
New York on December 9, 2008 at 10:30 a.m. The company's presentation will be
webcast live on its site, http://www.mcclatchy.com, and on
http://www.ibb.ubs.com/. McClatchy's presentations via webcast will continue
to be archived at its web site for future reference. The McClatchy
Company (NYSE: MNI) today declared a regular quarterly cash dividend of $.09
(nine cents) per share payable January 2, 2009 to stockholders of record at
the close of business on December 15, 2008. SACRAMENTO, Calif., Dec. 1, 2008 -- Today, the Christian Science Monitor and The McClatchy Company (NYSE:MNI) are initiating a content-sharing agreement that will offer print and online readers of the Monitor and of McClatchy's 30 daily newspapers more timely, top-notch foreign reporting. The McClatchy
Company (NYSE: MNI) today reported that consolidated revenues in October 2008
decreased 17.8% and advertising revenues were down 20.4% compared to revenues
in October 2007. The Company noted that the declines in print advertising
were partially offset by a 12.4% gain in online advertising revenues in
October 2008 compared to October 2007. For the first ten months of the year,
total revenues declined 15.5% and advertising revenues declined 17.4%. Online
advertising grew 10.9% in the first ten months of 2008. The McClatchy
Company (NYSE: MNI) today reported net income from continuing operations in
the third quarter of 2008 of $4.2 million, or five cents per share. Adjusted
earnings from continuing operations(1) were $10.4 million, or 13 cents per
share, in the third quarter of 2008 after excluding the unusual items
discussed below. The company's total net income including discontinued
operations was $4.2 million or five cents per share. 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. 30, 2008 -- The McClatchy Company (NYSE: MNI) today named Bruce G. Ray as president and publisher of The Tribune in San Luis Obispo, Calif. SACRAMENTO, Calif., Sept. 29, 2008 -- The McClatchy Company (NYSE:MNI) today named Robert G. Turner Jr. as president and publisher of the Bradenton Herald in Florida. SACRAMENTO, Calif., Sept. 29, 2008 -- The McClatchy Company (NYSE:MNI) today named William H. Fleet as president and publisher of The Fresno Bee. The McClatchy
Company (NYSE: MNI) announced that it has entered into an amendment to its
$1.175 billion bank credit facility. The amendment provides greater
flexibility for the life of the credit facility in the allowable leverage and
interest coverage ratios, the two primary financial covenants contained in the
agreement, while providing banks in the credit syndicate with new security in
certain collateral and higher pricing. The McClatchy
Company (NYSE: MNI) today reported that consolidated revenues in August 2008
decreased 15.7% and advertising revenues were down 17.8% compared to revenues
in August 2007. The Company noted that the declines in print advertising were
partially offset by a 7.4% gain in online advertising revenues in August 2008
compared to August 2007. For the first eight months of the year, total
revenues declined 15.0% and advertising revenues declined 16.7%. Online
advertising grew 11.2% in the first eight months of 2008. The McClatchy
Company (NYSE: MNI) today declared a regular quarterly cash dividend of
$.09 (nine cents) per share, reducing the dividend by half from the second
quarter 2008 dividend rate. The third quarter dividend is payable October 6,
2008 to stockholders of record at the close of business on September 26, 2008. The McClatchy
Company (NYSE: MNI) Gary Pruitt, chairman and CEO of The McClatchy Company,
issued a statement today regarding a recent Wall Street Journal "Heard on the
Street" column about the impact of his recent resignation as a co-trustee of
four trusts for the benefit of McClatchy family members. The McClatchy
Company (NYSE: MNI) Gary Pruitt, The McClatchy Company's chairman and CEO, has
resigned as a trustee of each of four trusts formed for the benefit of
McClatchy family members and has named McClatchy board member Leroy Barnes,
Jr. as his successor. Collectively, the four trusts hold 12,500,000 shares of
the company's Class B shares and control approximately 41% of the voting power
of the company. Mr. Barnes will serve as co-trustee with three other trustees:
William Ellery McClatchy, William B. McClatchy and William K. Coblentz. McClatchy
Interactive, the online division of The McClatchy Company (NYSE: MNI), today
named David G. Fitzpatrick II as vice president for strategic initiatives.
Fitzpatrick recently served as vice president, sales for McClatchy Interactive
and general manager of Real Cities Network, a national advertising network
serving the newspaper industry. The McClatchy
Company (NYSE: MNI) today reported that consolidated revenues in July 2008
decreased 16.4% and advertising revenues were down 19.3% compared to revenues
in July 2007. The Company noted that the declines in print advertising were
partially offset by a 12.8% gain in online advertising revenues in July 2008
compared to July 2007. For the first seven months of the year, total revenues
declined 15.0% and advertising revenues declined 16.5%. Online advertising
grew 11.7% in the first seven months of 2008. SACRAMENTO, Calif., Aug. 5, 2008 -- The Fresno Bee won two McClatchy President’s Awards for work that appeared in the first half of 2008, and six other prizes also were awarded by judges this week in Sacramento. SACRAMENTO, Calif., July 30, 2008 -- The McClatchy Company (NYSE:MNI) today named David A. Zeeck as president and publisher of The News Tribune in Tacoma, Wash. The McClatchy
Company (NYSE: MNI) today reported net income from continuing operations in
the second quarter of 2008 of $20.1 million, or 24 cents per share. Adjusted
earnings from continuing operations(1) excluding several unusual items in the
second quarter of 2008 were $17.3 million or 21 cents per share. Total net
income including discontinued operations was $19.7 million, or 24 cents per
share. The McClatchy Company
(NYSE: MNI) today reported that it has sold its 15.0% interest in ShopLocal,
LLC (ShopLocal) to Gannett Company, Inc. (Gannett) for $7.875 million and has
used the proceeds to pay down bank debt. 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 16, 2008 -- The McClatchy Company (NYSE:MNI) today announced a strategic partnership with Pacific Northwest publisher Pioneer Newspapers, Inc., to print McClatchy’s Idaho Statesman and The Bellingham Herald -- initiatives that will improve the quality of both newspapers while significantly reducing expenses. The McClatchy
Company (NYSE: MNI) announced today that it plans to reduce its workforce by
about 10% as the company accelerates efforts to manage through today's
difficult advertising market and position itself for future success in an
increasingly competitive environment. The McClatchy
Company (NYSE: MNI) today reported that consolidated revenues in May 2008
decreased 15.1% and advertising revenues were down 16.6% compared to revenues
in May 2007. The Company noted that the declines in print advertising were
partially offset by a 12.9% gain in online advertising revenues in May 2008
compared to May 2007. For the first five months of the year, total revenues
declined 14.2% and advertising revenues declined 15.4%. Online advertising
grew 11.9% in the first five months of 2008. The McClatchy
Company (NYSE: MNI) today named Stephen Bernard its new corporate vice
president for advertising. Bernard has been the top advertising executive at
The Sacramento Bee for the past 10 years. The McClatchy Company
(NYSE: MNI) today announced the purchase of $300 million aggregate principal
amount of debt securities pursuant to its previously announced tender offer,
which expired as of 5:00 P. M., New York City time, on May 21, 2008. The McClatchy Company
(NYSE: MNI) today reported that consolidated revenues in April 2008 decreased
14.6% and advertising revenues were down 14.8% compared to revenues in April
2007. The Company noted that the declines in print advertising were partially
offset by a 14.3% gain in online advertising revenues in April 2008 compared
to April 2007. For the first four months of the year, total revenues declined
14.0% and advertising revenues declined 15.2%. Online advertising grew 11.6%
in the first four months of 2008. The McClatchy Company
(NYSE: MNI) today declared a regular quarterly cash dividend of $.18 cents per
share. The second quarter dividend is payable July 1, 2008 to stockholders of
record at the close of business on June 11, 2008. The McClatchy Company
(NYSE: MNI) today announced that the preliminary results for its previously
announced tender offer for up to $250,000,000 aggregate principal amount of
its debt securities specified in the Offer to Purchase dated April 23, 2008
(the "Offer to Purchase") and amendments to the terms of such tender offer.
The amendments to the tender offer increase the Aggregate Maximum Tender
Amount (as defined in the Offer to Purchase) of the debt securities subject to
the tender offer from $250,000,000 to $300,000,000 and the Maximum Tender
Amount (as defined in the Offer to Purchase) applicable to the 7.125% Notes
due June 1, 2011(CUSIP 499040AM5) subject to the tender offer from
$100,000,000 to $130,000,000. All other terms and conditions of the tender
offer remain unchanged. The full terms and conditions of the tender offer are
set forth in the Offer to Purchase and related Letter of Transmittal, as
amended by this press release. The McClatchy
Company (NYSE: MNI) announced today that it has commenced an offer to purchase
for cash (the "Offer") up to $250 million of its outstanding notes and
debentures. The terms and conditions of the Offer are set forth in the Offer
to Purchase dated April 23, 2008 (the "Offer to Purchase") and the related
Letter of Transmittal (the "Letter of Transmittal"). The following table sets
forth the securities that are subject to the Offer and certain other terms of
the Offer: The McClatchy
Company (NYSE: MNI) today reported a net loss from continuing operations in
the first quarter of 2008 of $993,000, or one cent per share. Adjusted for
two items, (1) earnings from continuing operations were $1.6 million or two
cents in the first quarter of 2008. Total net loss, including discontinued
operations, was $849,000 or one cent per share. 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. Janis Heaphy,
president and publisher of The Sacramento Bee for the past 10 years, has
announced her retirement and will be replaced in that post by Cheryl Dell,
president and publisher of The News Tribune in Tacoma, Wash., The McClatchy
Company (NYSE: MNI) has announced. The change is effective April 14. The McClatchy
Company (NYSE: MNI) today reported that consolidated revenues in February 2008
decreased 11.7% and advertising revenues were down 13.3% compared to revenues
in February 2007. Journalists from The
McClatchy Company (NYSE: MNI) today won three National Journalism Awards from
the Scripps Howard Foundation, which cited them for excellence in Washington
reporting, human interest writing and commentary. The McClatchy
Company (NYSE: MNI) today named Mark Zieman president and publisher of The
Kansas City Star. The McClatchy
Company (NYSE: MNI) today reported that it filed its Annual Report on Form
10-K for the year ended December 30, 2007 (the Report) with the Securities and
Exchange Commission (SEC), which includes its final fourth quarter and full
year 2007 results. The company's fourth quarter 2007 after-tax loss from
continuing operations was $1.43 billion, or $17.42 per share including the
effect of non-cash after-tax impairment charges related to goodwill and
newspaper mastheads of $1.47 billion, or $17.86 per share. The company's
total net loss, including the results of discontinued operations, was $1.43
billion, or $17.46 per share. The McClatchy
Company (NYSE: MNI) today reported that consolidated revenues in January 2008
decreased 14.4% and advertising revenues were down 15.7% compared to revenues
in January 2007. The McClatchy Company
(NYSE: MNI) today reported preliminary income from continuing operations in
the fourth quarter of 2007 of $33.2 million, or 40 cents per share compared to
fourth quarter 2006 income from continuing operations of $76.9 million, or
94 cents per share. The company's preliminary 2007 fourth quarter results
include income tax expense of $7.5 million, or nine cents per share, related
to changes in prior period estimates. Total preliminary net income in the
2007 fourth quarter was $30.1 million or 37 cents per share. Preliminary
results do not include an anticipated non-cash charge for impairment of
goodwill and long-lived assets discussed below. SACRAMENTO, Calif., Feb. 5, 2008 -- The McClatchy Washington Bureau won two McClatchy President’s Awards for work in the second half of 2007, and seven of the company’s newspapers also were honored with prizes announced this week in Sacramento. The McClatchy
Company (NYSE: MNI) today named George McCanless as president and publisher of
The Telegraph in Macon, Ga. 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. The McClatchy
Company (NYSE: MNI) today declared a regular quarterly cash dividend of
$.18 cents per share. The first quarter dividend is payable April 1, 2008 to
stockholders of record at the close of business on March 12, 2008. The Real Cities Network
further deepened its penetration in the Philadelphia and Pittsburgh markets
with the addition of three Calkins Media sites, it was announced today. A
corporate partnership between the two companies brings PhillyBurbs.com,
TimesOnline.com and HeraldStandard.com into the network. SACRAMENTO, Calif., Jan. 18 -- The McClatchy Company (NYSE: MNI) today reported that it has entered into an agreement, along with the other general partners of SP Newsprint Co. ("SP"), to sell the partnership interests of SP to certain affiliates of White Birch Paper Company for $350 million in cash. McClatchy is an equal one-third partner in SP along with affiliates of Cox Enterprises, Inc. and Media General, Inc. The acquisition is expected to close during the first four months of 2008, subject to regulatory approval. |