Contents 1 History 2 Company infrastructure 2.1 McClatchyDC 3 Criticism 4 Dailies 4.1 Dailies acquired in Knight Ridder purchase, then sold 5 See also 6 References 7 External links

History[edit] The company originated with The Daily Bee, first published in Sacramento, California on February 3, 1857 by Native American writer Rollin Ridge. James McClatchy joined Ridge as a partner and took over as editor. Known as a supporter of the people's interests against corporations and corrupt politicians, McClatchy made The Bee a bastion of progressive reformism. Upon McClatchy's death in 1883, the paper's leadership passed to James' son, Charles Kenny McClatchy, who with his brother Valentine Stuart, bought out the Ridge family's interests and brought the paper into the 20th century with the formation of McClatchy Newspapers through the founding of the Fresno Bee, and acquisition of the Modesto Bee. C.K. McClatchy's legacy to the region has been memorialized in the C.K. McClatchy High School in Sacramento, which opened in 1937, about a year after his death. For most of its history, the company was focused on the newspaper business in California's Sacramento Valley and San Joaquin Valley. In 1978, the 4th generation Carlos K. McClatchy took over the company and guided the family-owned media company on a course that led toward the modern publicly owned The McClatchy Company through further acquisitions of out-of-state newspapers, Anchorage Daily News in Anchorage, Alaska, and the Tri-City Herald in Kennewick, Washington. McClatchy also acquired then-ABC-affiliate KOVR from Metromedia in 1963. The company's own Modesto Bee reported the sale of the station.[2] It was sold to The Outlet Company in 1978 and today exists as a CBS owned-and-operated station. In 1990, The McClatchy acquired three dailies in South Carolina: The Herald in Rock Hill, The Island Packet in Hilton Head, and The Beaufort Gazette of Beaufort. In 1995, it acquired The News & Observer of Raleigh, North Carolina, and in 1998, it bought the Star Tribune of Minneapolis. In January 2004, McClatchy bought the Merced Sun-Star of Merced, and five affiliated non-dailies in California's San Joaquin Valley. The company's biggest acquisition occurred on June 27, 2006 when McClatchy purchased Knight Ridder. Because McClatchy was so much smaller than Knight Ridder at the time, one observer equated the deal as "a dolphin swallowing a small whale."[3] The purchase price of $40 and 0.5118 shares of McClatchy Class A stock per share was valued in total at about $4 billion in cash and stock. The company also assumed $2 billion in debt. This purchase added 20 newspapers to the company stable and the immediate sale (over the next five weeks) of 12 publications including the St. Paul Pioneer Press, San Jose Mercury News and The Philadelphia Inquirer. Those sales were completed on Aug. 2, 2006. In July 2008, McClatchy sold the company's digital advertising network, "Real Cities" to a Chicago-based marketing firm named Centro. The "Real Cities" network was liquidated by Centro the following month. The Minneapolis-St. Paul Star Tribune, acquired in 1998 and sold in 2007 to private-equity firm Avista Capital Partners for $555 million, had the highest circulation of all McClatchy newspapers. The company also owns a portfolio of digital assets, including 15.0% of CareerBuilder, LLC, which operates; 25.6% of Classified Ventures, LLC, a company that offers classified websites, such as the auto website; and 33.3% of HomeFinder, LLC, which operates the online real estate website McClatchy also owns 49.5% of the voting stock and 70.6% of the nonvoting stock of The Seattle Times Company.[1] In January 2017, former Yahoo! and Earthlink executive Craig Forman was appointed as its new president and chief executive officer (CEO). Forman, who is 55 years old, and a private investor and current McClatchy board member succeeds Patrick Talamantes, who was CEO for four years.[4] The descendants of C.K. McClatchy still own a controlling interest in the McClatchy Company and are represented by the 6th generation Kevin McClatchy as chairman of the Board of Directors.[5]

Company infrastructure[edit] As of 2015, McClatchy had approximately 5,600 full and part-time employees (equating to approximately 5,100 full-time equivalent employees).[1] The company has two classes of stock, allowing the founding McClatchy family to retain control. In the Knight Ridder purchase, for example, McClatchy shareholders did not need to act in approving the purchase because the family had already voted their shares in favor. Editor and Publisher reported in October 2006 that McClatchy revenue ending August 2006 was down over one percent from August 2005. Between the announced purchase of Knight Ridder in March 2006 and late 2009, the stock value of McClatchy (MNI) declined significantly.[6] On December 18, 2008, McClatchy common stock fell below $1 per share. The market capitalization of the company fell below $100 million, down over 98% since the purchase of Knight Ridder in early 2006.[7] In 2010-2011, the stock had recovered off of its low, but is still down over 90% from the peak. In 2016, McClatchy approved a 1 for 10 reverse stock split that boosted the price of its shares to over $11.[8] McClatchy has an Internet subsidiary, McClatchy Interactive (formerly known as Nando Media), which provides business support and material for Internet media (part of the News & Observer purchase). Other operations include Newsprint Ventures Inc., a consortium that operates the Ponderay newsprint mill near Spokane, Washington. McClatchy also inherited a partnership with the Tribune Company in the news service Knight Ridder-Tribune Information Services, now McClatchy-Tribune Information Services (MCT), when it acquired Knight Ridder.[9] In 2014, Tribune bought out McClatchy's share of the company and its headquarters moved to Chicago.[10] McClatchyDC[edit] McClatchyDC is a news agency that distributes original reporting based out of McClatchy's Washington, D.C. bureau, which was acquired from Knight Ridder.[11] It is the largest client of the McClatchy-Tribune Information Services.[10] In 2008, McClatchy's bureau chief in D.C., John Walcott, was the first recipient of the I. F. Stone Medal for Journalistic Independence, awarded by the Nieman Foundation for Journalism.[12][13] In accepting the award, Walcott commented on McClatchy's reporting during the period preceding the Iraq War: Why, in a nutshell, was our reporting different from so much other reporting? One important reason was that we sought out the dissidents, and we listened to them, instead of serving as stenographers to high-ranking [Bush administration] officials and Iraqi exiles.[13] McClatchy journalists have also won nine Pulitzer prizes in their 159-year history.[14]

Criticism[edit] On August 4, 2013, McClatchy Newspapers, citing anonymous sources, reported on conversations between Ayman al-Zawahri, who succeeded Osama bin Laden as the head of Al Qaeda, and Nasser al-Wuhayshi, the head of the Yemen-based Al Qaeda in the Arabian Peninsula, discussing an alleged imminent terrorist attack. Two days previously, The New York Times had agreed to withhold the identities of the Al Qaeda leaders after US intelligence officials claimed the information could jeopardize their operations. Government analysts and officials interviewed by the Times said the impact of this disclosure caused more immediate damage to American counterterrorism efforts than the thousands of classified documents disclosed by Edward Snowden due to a sharp drop in the terrorists’ use of a major communications channel that the authorities were monitoring.[15] Subsequently, officials have been searching for new ways to monitor communications among Al Qaeda's leaders and operatives.[15]

Dailies[edit] Note: (*)—Indicates newspaper acquired in 2006 Knight Ridder purchase. The Beaufort Gazette (Beaufort, South Carolina) Belleville News-Democrat (Belleville, Illinois)* The Bellingham Herald (Bellingham, Washington)* The Bradenton Herald (Bradenton, Florida)* Centre Daily Times (State College, Pennsylvania)* The Charlotte Observer (Charlotte, North Carolina)* Ledger-Enquirer (Columbus, Georgia)* The Fresno Bee (Fresno, California) The Herald (Rock Hill) (Rock Hill, South Carolina) The Herald-Sun (Durham, North Carolina) The Idaho Statesman (Boise, Idaho)* The Island Packet (Hilton Head, South Carolina) The Kansas City Star (Kansas City, Missouri)* Lexington Herald-Leader (Lexington, Kentucky)* Merced Sun-Star (Merced, California) The Miami Herald (Miami, Florida)* El Nuevo Herald (Miami, Florida)* The Modesto Bee (Modesto, California) The News & Observer (Raleigh, North Carolina) The Olathe News (Olathe, Kansas)* The Olympian (Olympia, Washington)* The Sacramento Bee (Sacramento, California) Fort Worth Star-Telegram (Fort Worth, Texas)* The State (Columbia, South Carolina)* Sun Herald (Biloxi, Mississippi)* Sun News (Myrtle Beach, South Carolina)* The News Tribune (Tacoma, Washington)* The Telegraph (Macon) (Macon, Georgia)* The San Luis Obispo Tribune (San Luis Obispo, California)* Tri-City Herald (Kennewick, Washington) Wichita Eagle (Wichita, Kansas) Dailies acquired in Knight Ridder purchase, then sold[edit] Aberdeen American News (Aberdeen, South Dakota) (Completed June 27, 2006) Akron Beacon Journal (Akron, Ohio) (Completed Aug. 2, 2006) Contra Costa Times (Walnut Creek, California) (Completed Aug. 2, 2006) Duluth News Tribune (Duluth, Minnesota) (Completed June 27, 2006) Fort Wayne News-Sentinel (Fort Wayne, Indiana) (Completed June 27, 2006) Grand Forks Herald (Grand Forks, North Dakota) (Completed June 27, 2006) The Herald (Monterey, California) (Completed Aug. 2, 2006) Philadelphia Daily News (Philadelphia, Pennsylvania) (Completed June 29, 2006) The Philadelphia Inquirer (Philadelphia, Pennsylvania) (Completed June 29, 2006) Saint Paul Pioneer Press (St. Paul, Minnesota) (Completed Aug. 2, 2006) San Jose Mercury News (San Jose, California) (Completed Aug. 2, 2006) Times Leader (Wilkes-Barre, Pennsylvania) (Completed Aug. 2, 2006)

See also[edit] California portal Companies portal Journalism portal

References[edit] ^ a b c d 2016 McClatchy Form 10-K Annual Report ^ "Google News Archives: The Modesto Bee- October 4th, 1963". Google News Archivials. McClatchy/ Google. Retrieved 3 June 2012.  ^ "Newspaper Chain Agrees to a Sale for $4.5 Billion", The New York Times ^ News, ABC. "Craig Forman New CEO of McClatchy Co". ABC News. Retrieved 2017-01-26.  ^ "About Us". The Sacramento Bee. Retrieved 23 August 2017.  ^ "MNI: Basic Chart for MCCLATCHY CO HLD – Yahoo! Finance". Retrieved 2009-11-11.  ^ "MNI Interactive Stock Chart - Yahoo! Inc. Stock - Yahoo! Finance". Retrieved 30 May 2015.  ^ McClatchy Company (MNI) Board Approves Reverse Stock Split, Expanded Buyback Authorization 18 May 2016. Retrieved 1 August 2016. ^ Seelye, Katharine Q.; Andrew Ross Sorkin (2006-03-12). "Knight Ridder Newspaper Chain Agrees to Sale" (Fee). The New York Times.  ^ a b Beaujon, Andrew (May 8, 2014). "Tribune buys out McClatchy's stake in MCT newswire". Poynter. Retrieved June 2, 2017.  ^ ^ Grinapol, Corinne (April 7, 2016). "Reuters Adds John Walcott as Foreign Affairs and National Security Editor". AdWeek. Retrieved June 2, 2017.  ^ a b Walcott, John (October 9, 2008). "John Walcott: Truth is not subjective". Acceptance speech. McClatchy Newspapers. Retrieved 2008-10-13.  ^ "Pulitzer Prizes".  ^ a b Schmitt, Eric; Schmidt, Michael S. (September 29, 2013). "Qaeda Plot Leak Has Undermined U.S. Intelligence". The New York Times. 

External links[edit] The McClatchy Company Ipsos / The McClatchy Company Polls McClatchy Washington Bureau Nieman Journalism Lab. "McClatchy". Encyclo: an Encyclopedia of the Future of News. Retrieved 1 April 2012.  v t e The McClatchy Company Newspapers The Beaufort Gazette Belleville News-Democrat The Bellingham Herald The Bradenton Herald Centre Daily Times The Charlotte Observer Columbus Ledger-Enquirer Florida Keys Keynoter Fort Worth Star-Telegram The Fresno Bee Rock Hill (S.C.) Herald The Herald-Sun (Durham, N.C.) The Idaho Statesman Hilton Head (S.C.) Island Packet The Kansas City Star Lexington Herald-Leader The Telegraph (Macon, GA) Merced Sun-Star Miami Herald The Modesto Bee The Sun News (Myrtle Beach, S.C.) El Nuevo Herald The Olathe News The Olympian The News & Observer (Raleigh, N.C.) The Sacramento Bee The San Luis Obispo Tribune The State (Columbia, S.C.) The Sun Herald The News Tribune Tri-City Herald The Wichita Eagle Partnerships CareerBuilder (14.4%) The Seattle Times Company (49.5%) Topix (11.25%) Acquisitions Cowles Media Company Knight Ridder v t e Current White House James S. Brady Press Briefing Room seating chart Row Podium 1 2 3 4 5 6 7 NBC Wall Street Journal Agence France-Presse MSNBC Bloomberg BNA Washington Examiner TRNS/Univision Fox News CBS Radio AP Radio Foreign Pool Time Yahoo! News Dallas Morning News CBS News Bloomberg McClatchy Washington Times SiriusXM Salem Radio Globe/Roll Call AP NPR AURN The Hill Regionals Newsmax CBN ABC News Washington Post Politico Fox News Radio CSM/NY Post Daily Mail BBC/OAN Reuters NY Times Chicago Tribune VOA RealClearPolitics HuffPost/NY Daily News BuzzFeed/Daily Beast CNN USA Today ABC Radio National Journal Al Jazeera/PBS Westwood One Financial Times/Guardian The seating chart as of June 30, 2017.[1] White House Correspondents' Association ^ Carter, Brandon (30 June 2017). "Conservative media outlets gain seats in White House briefing room", The Hill. Retrieved 8 July 2017. Retrieved from "" Categories: The McClatchy CompanyNewspaper companies of the United StatesCompanies based in Sacramento, CaliforniaMedia in Sacramento County, CaliforniaPublishing companies established in 18571857 establishments in CaliforniaCompanies listed on the New York Stock ExchangeHidden categories: Pages using div col with small parameterPages using div col with deprecated parameters

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List Of Business EntitiesPublic CompanyTicker SymbolNew York Stock ExchangePublishingJames McClatchySacramento, CaliforniaKevin McClatchyCraig FormanNewspapersEarnings Before Interest And TaxesNet IncomePublishingSacramento, CaliforniaKnight RidderGannett CompanyWebsiteNews AgencyThe Sacramento BeeSacramento, CaliforniaRollin RidgeJames McClatchyEditingCharles Kenny McClatchyFresno BeeModesto BeeC.K. McClatchy High SchoolSacramento ValleySan Joaquin ValleyCarlos K. McClatchyAnchorage Daily NewsAnchorage, AlaskaTri-City HeraldKennewick, WashingtonKOVRMetromediaThe Modesto BeeThe Outlet CompanyCBSOwned-and-operated StationSouth CarolinaThe Herald (Rock Hill)Rock Hill, South CarolinaThe Island PacketHilton Head, South CarolinaThe Beaufort GazetteBeaufort, South CarolinaThe News & ObserverRaleigh, North CarolinaStar TribuneMinneapolis, MinnesotaMerced Sun-StarMerced, CaliforniaSan Joaquin ValleyKnight RidderSt. Paul Pioneer PressSan Jose Mercury NewsThe Philadelphia InquirerDigital AdvertisingChicagoMinneapolisSaint Paul, MinnesotaStar TribuneAvista Capital PartnersCareerBuilderClassified VenturesSeattle TimesYahoo!EarthLinkChief Executive OfficerChief Executive OfficerInvestorBoard MembersKevin McClatchyInternetNandoSpokane, WashingtonTribune CompanyNews AgencyWashington, D.C.I. F. 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