2008 News

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Dec 30, 2008McClatchy Announces Extension of Agreement to Sell Miami Land
SACRAMENTO, Calif., Dec. 30 /PRNewswire-FirstCall/ -- 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 purchase price remains unchanged at $190 million -- $10 million of which McClatchy has already received in the form of a nonrefundable deposit. With the acquisition ... 
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Dec 15, 2008McClatchy Reports November 2008 Revenues
SACRAMENTO, Calif., Dec. 15 /PRNewswire-FirstCall/ -- 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 adver... 
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Dec 09, 2008McClatchy Presents at UBS Media Conference Today
SACRAMENTO, Calif., Dec. 9 /PRNewswire-FirstCall/ --The McClatchy Company (NYSE: MNI) will give an update of the company's business trends and strategies at 10:30 AM Eastern today at the UBS 36th Annual Global Media & Communications Conference at the Grand Hyatt New York, in New York city. Gary Pruitt, chairman and CEO of McClatchy, said, "We are all aware of just how difficult this year has been for the newspaper industry. At McClatchy, through the first 10 months of 2008 our adverti... 
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Dec 04, 2008McClatchy News VP Howard Weaver to Retire
SACRAMENTO, Calif., Dec. 4 /PRNewswire-FirstCall/ -- 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. "Howard really has been a visionary executive, and we can't thank him enough for all his leadership and distinguished service," said Gary Pruitt, McClatchy chairman and chief executive officer. "Howard wholeheartedly... 
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Dec 03, 2008McClatchy to Provide Business Update at UBS Conference
SACRAMENTO, Calif., Dec 03, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- 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... 
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Dec 03, 2008McClatchy Announces Fourth Quarter Dividend
SACRAMENTO, Calif., Dec. 3 /PRNewswire-FirstCall/ -- 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. About McClatchy: The McClatchy Company is the third largest newspaper company in the United States, with 30 daily newspapers, approximately 50 non-dailies, and direct marketing and direct mail operations. McClatchy also o... 
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Nov 19, 2008McClatchy Reports October 2008 Revenues
SACRAMENTO, Calif., Nov. 19 /PRNewswire-FirstCall/ -- 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... 
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Oct 21, 2008McClatchy Reports Third Quarter Results
SACRAMENTO, Calif., Oct. 21 /PRNewswire-FirstCall/ -- 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. ... 
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Oct 03, 2008McClatchy to Webcast Third Quarter 2008 Earnings Conference Call
SACRAMENTO, Calif., Oct. 3 /PRNewswire-FirstCall/ -- 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. The conference call will be held on Tuesday, October 21, 2008 at noon Eastern, 9:00 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the market opens on October ... 
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Sep 26, 2008McClatchy Announces Amendment to Its Credit Agreement
SACRAMENTO, Calif., Sept 26, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- 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... 
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Sep 16, 2008McClatchy Reports August 2008 Revenues
SACRAMENTO, Calif., Sept 16, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- 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 dec... 
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Sep 16, 2008McClatchy Announces Third Quarter Dividend
Additional Operational Restructuring UndertakenSACRAMENTO, Calif., Sept 16, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- 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. Separately McClatchy announced an additional c... 
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Sep 10, 2008McClatchy CEO Responds to 'Heard on the Street' Column
SACRAMENTO, Calif., Sept. 10 /PRNewswire-FirstCall/ -- 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. "I have been one of four trustees of these trusts for the past five years and it has always been my intent to name a successor truste... 
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Sep 08, 2008Gary Pruitt Resigns as Trustee of Family Trust
SACRAMENTO, Calif., Sept. 8 /PRNewswire-FirstCall/ -- 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... 
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Sep 05, 2008David G. Fitzpatrick II Named Vice President, Strategic Initiatives for McClatchy Interactive
SACRAMENTO, Calif., Sept. 5 /PRNewswire-FirstCall/ -- 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. As vice president for strategic initiatives, Fitzpatrick will lead McClatchy's efforts ... 
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Aug 20, 2008McClatchy Reports July 2008 Revenues
SACRAMENTO, Calif., Aug. 20 /PRNewswire-FirstCall/ -- 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 ... 
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Jul 24, 2008McClatchy Reports Second Quarter Results
SACRAMENTO, Calif., July 24 /PRNewswire-FirstCall/ -- 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. Earnings in the second quarter o... 
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Jul 08, 2008McClatchy Sells Ownership in ShopLocal, LLC
Expects $13.5 Million After-tax Proceeds on Transaction SACRAMENTO, Calif., July 8 /PRNewswire-FirstCall/ -- 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. McClatchy acquired a 33% stake in ShopLocal in the acquisition of Knight-Ridder, Inc. in June 2006, and in August 2006 sold 18.3% to Gannett and The Tribune C... 
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Jul 01, 2008McClatchy to Webcast Second Quarter 2008 Earnings Conference Call
SACRAMENTO, Calif., July 1, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- 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. The conference call will be held on Thursday, July 24, 2008 at noon Eastern, 9:00 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the... 
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Jun 16, 2008McClatchy Announces Restructuring Plan
SACRAMENTO, Calif., June 16 /PRNewswire-FirstCall/ -- 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. "We have been transitioning steadily and successfully from a traditional newspaper company to an integrated multimedia company for some time," said McClatchy CEO... 
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Jun 16, 2008McClatchy Reports May 2008 Revenues
SACRAMENTO, Calif., June 16 /PRNewswire-FirstCall/ -- 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 decli... 
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May 22, 2008McClatchy Announces Final Results of Tender Offer for Debt Securities
SACRAMENTO, Calif., May 22 /PRNewswire-FirstCall/ -- 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. Pat Talamantes, McClatchy's chief financial officer, said, "We are pleased with the results of the tender offer. The oversubscription to the offer is clearly a reflection of a win-win transact... 
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May 21, 2008McClatchy Reports April 2008 Revenues
SACRAMENTO, Calif., May 21 /PRNewswire-FirstCall/ -- 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 revenue... 
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May 13, 2008McClatchy Declares Second Quarter 2008 Dividend
SACRAMENTO, Calif., May 13 /PRNewswire-FirstCall/ -- 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. About McClatchy: The McClatchy Company is the third largest newspaper company in the United States, with 30 daily newspapers, approximately 50 non-dailies, and direct marketing and direct mail operation... 
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May 07, 2008McClatchy Announces Preliminary Results and Amendment to Tender Offer for Debt Securities
SACRAMENTO, May 7 /PRNewswire-FirstCall/ -- 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... 
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Apr 23, 2008McClatchy Announces Debt Tender Offer
SACRAMENTO, Calif., April 23 /PRNewswire-FirstCall/ -- 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 ... 
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Apr 23, 2008McClatchy Reports First Quarter Results
Separately Announces Tender Offer for Certain Publicly Held Bonds SACRAMENTO, Calif., April 23 /PRNewswire-FirstCall/ -- 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. ... 
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Apr 08, 2008McClatchy to Webcast First Quarter 2008 Earnings Conference Call
SACRAMENTO, Calif., April 8, 2008 /PRNewswire-FirstCall/ -- 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. The conference call will be held on Wednesday, April 23, 2008 at noon Eastern, 9:00 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the market opens on A... 
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Mar 31, 2008Cheryl Dell to Succeed Janis Heaphy as Publisher of The Sacramento Bee
SACRAMENTO, Calif., March 31, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- 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. "I want to thank Janis for 10 years of outstanding leadership in Sacramento and wish her all the best ... 
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Mar 17, 2008McClatchy Reports February 2008 Revenues
SACRAMENTO, Calif., March 17 /PRNewswire-FirstCall/ -- 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. Pat Talamantes, McClatchy's chief financial officer, said, "We continue to see a majority of the decline in advertising revenue from newspapers in California and Florida, two states severely affected by the real estate downturn. We are heartene... 
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Mar 07, 2008McClatchy Honored With Three National Journalism Awards
Scripps Howard Foundation Honors Follow Two Polk Award WinsSACRAMENTO, Calif., March 7, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- 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. Reporters for the McClatchy Washington Bureau received the Raymond Clapper award for Washington reporting for their groundbrea... 
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Mar 06, 2008Mark Zieman Named Publisher of The Kansas City Star
SACRAMENTO, Calif., March 6 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today named Mark Zieman president and publisher of The Kansas City Star. Zieman previously served as the newspaper's editor and vice president where he directed the 290-person news staff and helped develop the paper's digital strategy. Since Jan. 28, he has held the additional title of interim publisher, replacing Mac Tully who left the paper to join MediaNews Group. "Mark understands both the ... 
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Feb 28, 2008McClatchy Files Form 10-K and Reports Final Results for 2007
Reports Non-cash Impairment Charges SACRAMENTO, Calif., Feb. 28 /PRNewswire-FirstCall/ -- 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... 
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Feb 27, 2008McClatchy Reports January 2008 Revenues
SACRAMENTO, Calif., Feb 27, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- 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. Pat Talamantes, McClatchy's chief financial officer, said, "We were disappointed in our revenue performance in January, and foresee similar performance during the rest of the quarter. As we anticipated, a majority of the d... 
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Feb 06, 2008McClatchy Reports Preliminary Fourth Quarter and Full Year 2007 Results
Expects to Record Non-Cash Impairment Charge Driven by Recent Stock Price Decline SACRAMENTO, Calif., Feb. 6 /PRNewswire-FirstCall/ -- 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 re... 
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Jan 30, 2008George McCanless Named New Publisher of The Telegraph in Macon, Ga.
SACRAMENTO, Calif., Jan. 30 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today named George McCanless as president and publisher of The Telegraph in Macon, Ga. McCanless previously served as the senior vice president for finance and strategic planning at The News & Observer in Raleigh, N.C. He has been the top finance executive at The News & Observer since joining the newspaper in 2000. McCanless, 51, has spent 25 years in the newspaper industry as a chief financial... 
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Jan 30, 2008McClatchy to Webcast Fourth Quarter 2007 Earnings Conference Call
SACRAMENTO, Calif., Jan. 30 /PRNewswire-FirstCall/ -- 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 conference call will be held on Wednesday, February 6, 2008 at noon Eastern, 9:00 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the market opens on Febr... 
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Jan 29, 2008McClatchy Declares First Quarter 2008 Dividend
SACRAMENTO, Calif., Jan. 29 /PRNewswire-FirstCall/ -- 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 McClatchy Company is the third largest newspaper company in the United States, with 31 daily newspapers, approximately 50 non-dailies and direct marketing and direct mail operations. McClatchy also op... 
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Jan 22, 2008PhillyBurbs.com, Two Other Calkins Sites Join Real Cities Network
Deal Provides Advertisers Greater Reach Into Pennsylvania Markets RALEIGH, N.C., Jan. 22 /PRNewswire-FirstCall/ -- 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. The Real Cities Network consists of approximately 1,600 local news ... 
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Jan 18, 2008McClatchy Reports Dispositon of SP Newsprint Company
SACRAMENTO, Calif., Jan. 18 /PRNewswire-FirstCall/ -- 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 fi... 
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Jan 07, 2008McClatchy Names Jennifer Brumgardt Internal Audit Director
SACRAMENTO, Calif., Jan. 7 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today announced that Jennifer Brumgardt, vice president, finance, at The Fresno Bee, will become director of McClatchy's internal audit department effective Feb. 11. She replaces Hai Nguyen, who has been promoted to controller. Brumgardt, 36, has been the top finance executive at The Fresno Bee since May 2004. She joined the Bee that year from McClatchy's corporate offices, where she had worked as ... 
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