2009 News

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Dec 31, 2009McClatchy Announces Extension of Miami Land Agreement
SACRAMENTO, Calif., Dec 31, 2009 /PRNewswire-FirstCall via COMTEX/ -- The McClatchy Company (NYSE: MNI) announced today that the agreement to sell 10 acres of land adjacent to The Miami Herald has been extended to Jan. 19, 2010, in exchange for an increase in the termination fee from $6 million to $7 million should the buyer fail to close the transaction. The buyer, Citisquare Group, LLC, has the right to further extend the agreement to Jan. 31, 2011, upon payment to McClatchy of an additional ... 
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Dec 08, 2009McClatchy Provides Improving Outlook at UBS Conference
SACRAMENTO, Calif., Dec. 8 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) management noted today that it expects a continuation of the improving advertising revenue trends that began in the third quarter of 2009. Advertising revenues in the fourth quarter are expected to be down in the low- to mid-20s percent range compared to down 28.1% in the third quarter and 30.2% in the second quarter. Gary Pruitt, chairman and chief executive officer, said, "In addition to improving revenue... 
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Nov 19, 2009McClatchy to Provide Business Update at UBS Conference
SACRAMENTO, Calif., Nov. 19 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) will review its business and strategies in a presentation at the 37th Annual UBS Global Media & Communications Conference at the Grand Hyatt New York on December 8, 2009 at 9:00 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 website for future reference. Ab... 
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Oct 26, 2009McClatchy to Expand 'Sunday Select' Advertising Program
SACRAMENTO, Calif., Oct. 26 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) announced today that it will expand its Sunday Select pre-print advertising program to five additional markets early next year: Modesto, Calif.; Fort Worth, Texas; Wichita, Kan.; Lexington, Ky.; and Myrtle Beach, S.C. Sunday Select matches national retailers with shoppers who request their advertising information. Sunday Select delivers pre-printed advertising to non-subscribers in targeted ZIP codes most ... 
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Oct 15, 2009McClatchy Reports Third Quarter 2009 Earnings
- Earnings per share for the quarter were 28 cents and adjusted earnings from continuing operations (1) were 13 cents per share SACRAMENTO, Calif., Oct. 15 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported net income from continuing operations in the third quarter of 2009 of $23.6 million, or 28 cents per share, compared to $4.2 million, or 5 cents per share, in the 2008 quarter. Adjusted earnings from continuing operations(1) were $11.0 million, or 13 cents per share,... 
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Sep 15, 2009McClatchy to Introduce 'Sunday Select' Pre-Print Advertising
SACRAMENTO, Calif., Sept. 15 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) announced today that it will introduce a new, pre-print advertising program to four of its premium growth markets, matching national retailers with shoppers who want to receive their advertising information. Sunday Select offers national retailers an opportunity to reach more shoppers on Sunday by delivering pre-printed advertising to non-subscribers in targeted ZIP codes most valued by advertisers. The i... 
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Sep 11, 2009McClatchy to Webcast Third Quarter 2009 Earnings Conference Call
SACRAMENTO, Calif., Sept. 11 /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 Thursday, October 15, 2009 at 12 noon Eastern, 9:00 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the market opens on October 1... 
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Sep 04, 2009McClatchy Receives Compliance Notice From NYSE
SACRAMENTO, Calif., Sept. 4 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) reported that it has been notified by the New York Stock Exchange (NYSE) that the company is now in compliance with the exchange's continued listing standards for share price. The NYSE notified the company on Feb. 4, 2009, that McClatchy's average share price over the previous 30 trading days was below the NYSE's quantitative listing standards. The standards required NYSE listed companies to maintain an a... 
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Jul 21, 2009McClatchy Reports Growth in Second Quarter 2009 Earnings
- Reports earnings per share of 50 cents and adjusted earnings per share from continuing operations(1) of 30 cents - Reduces cash expenses by 29.3%, or $112.9 million, from second quarter 2008, excluding restructuring-related charges - Reduces principal of publicly traded bonds by $106 million to $1.07 billion SACRAMENTO, Calif., July 21 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE-MNI) today reported net income from continuing operation... 
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Jul 06, 2009McClatchy to Webcast Second Quarter 2009 Earnings Conference Call
SACRAMENTO, Calif., July 6 /PRNewswire-FirstCall/ -- 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 Tuesday, July 21, 2009 at 11:00 a.m. Eastern, 8:00 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the market opens on July... 
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Jul 02, 2009McClatchy VP Operations Lynn Dickerson to Leave Company
SACRAMENTO, Calif., July 2 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) announced today that Lynn Dickerson, vice president, operations, will leave the company July 17. "We continue to restructure and transition to a new business model - one that requires us to be smaller and more efficient in every area of the organization. This includes our senior management and corporate offices," said Gary Pruitt, McClatchy's president and chief executive officer. "Lynn is a talente... 
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Jun 30, 2009McClatchy Announces Buyer's Exercise of Option to Extend Closing Date Of Sale of Miami Land
SACRAMENTO, Calif., June 30, 2009 /PRNewswire-FirstCall via COMTEX/ -- The McClatchy Company (NYSE: MNI) announced today that Citisquare Group, LLC, the buyer of the 10 acres of land adjacent to The Miami Herald, has exercised its option to extend the date for closing from June 30, 2009, to a date on or before December 31, 2009, pursuant to the terms of the existing purchase agreement. About McClatchy The McClatchy Company is the third largest newspaper company in the United States, with 30 ... 
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Jun 26, 2009McClatchy Announces Expiration and Results of Private Exchange Offer
SACRAMENTO, Calif., June 26 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) ("McClatchy" and the "Company") announced today the expiration and results of its private exchange offer (the "Exchange Offer") for its 7.125% Notes due 2011 (the "2011 Notes") (CUSIP No. 499040AM5), its 4.625% Notes due 2014 (the "2014 Notes") (CUSIP No. 499040AN3), its 5.750% Notes due 2017 (the "2017 Notes") (CUSIP No. 499040AP8), its 7.150% Debentures due 2027 (the "2027 Debentures") (CUSIP No. 4990... 
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Jun 18, 2009McClatchy Announces Amendment to Private Exchange Offer
SACRAMENTO, Calif., June 18 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI and the "Company") announced today that it is amending the terms of its previously announced private exchange offer (the "Exchange Offer") for its 7.125% Notes due 2011 (the "2011 Notes"), its 4.625% Notes due 2014 (the "2014 Notes"), its 5.750% Notes due 2017 (the "2017 Notes"), its 7.150% Debentures due 2027 (the "2027 Debentures") and its 6.875% Debentures due 2029 (the "2029 Debentures" and collectiv... 
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Jun 02, 2009McClatchy Receives Compliance Notice From NYSE
SACRAMENTO, Calif., June 2 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) reported that it has been notified by the New York Stock Exchange (NYSE) that the company is now in compliance with the exchange's continued listing standard for total market capitalization and stockholders' equity. The NYSE received approval from the Securities and Exchange Commission (SEC) to amend the NYSE's continued listing standard applicable to average market capitalization and shareholders eq... 
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May 21, 2009McClatchy Announces Private Debt Exchange Offer for $1.150 Billion of Debt Securities
SACRAMENTO, Calif., May 21 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI; and the "Company") announced today that it is commencing a private exchange offer ("the Exchange Offer") to exchange its outstanding notes and debentures as set forth in the table below (collectively the "Old Securities") for a combination of cash and new debt securities. The exchange offer is being made only to qualified institutional buyers inside the United States and to certain non-U.S. investors loc... 
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May 21, 2009McClatchy Announces Amendment to Bank Credit Agreement
SACRAMENTO, Calif., May 21 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) announced that yesterday it entered into an amendment to its $1.150 billion bank credit facility which, among other things, allows it to use its revolving credit facility for up to $60 million to repurchase its 7.125% Notes due June 1, 2011 or its 4.625% Notes due November 1, 2014, subject to certain conditions. The cash may also be used in connection with a debt exchange offer so long as any new notes ... 
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Apr 23, 2009McClatchy Reports First Quarter Results
SACRAMENTO, Calif., April 23 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported a net loss from continuing operations in the first quarter of 2009 of $37.7 million, or 45 cents per share. Adjusted for certain items, (1) the loss from continuing operations was $22.9 million, or 28 cents. Net loss from continuing operations in the first quarter of 2008 was $993,000, or one cent per share. Adjusted for certain items, (1) earnings from continuing operations were ... 
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Apr 17, 2009McClatchy Receives Continued Listing Standards Notice From NYSE
SACRAMENTO, Calif., April 17 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) reported that on April 14, 2009, it was notified by the New York Stock Exchange (NYSE) that it is not in compliance with the exchange's continued listing standard for total market capitalization and shareholders' equity. NYSE continued listing standards applicable to the company include average market capitalization of no less than $75 million over a 30-trading-day period and stockholders' equity of ... 
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Apr 06, 2009McClatchy to Webcast First Quarter 2009 Earnings Conference Call
SACRAMENTO, Calif., April 6 /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 Thursday, April 23, 2009 at noon Eastern, 9:00 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the market opens on April 23... 
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Mar 09, 2009McClatchy Announces Restructuring Plan Details
SACRAMENTO, Calif., March 9 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today provided additional details about its previously announced restructuring plan. On Feb. 5, 2009, at the time of its fourth quarter earnings release, McClatchy announced that given the unprecedented deterioration in revenues and with no visibility of an improving economy, the company was developing a plan to reduce costs. Today, the company said it plans to reduce its workforce by approxima... 
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Mar 02, 2009McClatchy Files Form 10-K and Reports Final Results for 2008
--Reports additional loss from discontinued operationsSACRAMENTO, Calif., March 2, 2009 /PRNewswire-FirstCall via COMTEX/ -- The McClatchy Company (NYSE: MNI) today reported that it filed its Annual Report on Form 10-K for the year ended December 28, 2008 (the Report) with the Securities and Exchange Commission (SEC), which includes its final fourth quarter and full year 2008 results. The company's fourth quarter 2008 after-tax loss from continuing operations was unchanged from the previously r... 
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Feb 05, 2009McClatchy Reports Fourth Quarter Results
Announces Additional Restructuring Plans Receives Continued Listing Standards Notice from the NYSE SACRAMENTO, Calif., Feb. 5 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today reported a net loss from continuing operations in the fourth quarter of 2008 of $20.4 million, or 25 cents per share, including a pre-tax non-cash impairment charge of $59.6 million related to newspaper mastheads. Adjusted earnings from continuing operations(1) were $21.8 million, or... 
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Jan 27, 2009McClatchy Announces First Quarter Dividend
Suspends dividends for foreseeable future SACRAMENTO, Calif., Jan. 27 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) today declared a quarterly cash dividend of $.09 (nine cents) per share payable April 1, 2009 to stockholders of record at the close of business on March 11, 2009. McClatchy said it will suspend its quarterly dividend after paying the first quarter 2009 dividend for the foreseeable future in order to preserve cash for debt repayment. The first quarter 2009 ... 
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Jan 13, 2009McClatchy to Webcast Fourth Quarter 2008 Earnings Conference Call
SACRAMENTO, Calif., Jan. 13 /PRNewswire-FirstCall/ -- 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 conference call will be held on Thursday, Feb. 5, 2009, at noon Eastern, 9 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the market opens on Feb. 5.... 
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