McClatchy beats 4Q estimates, ad decline slows

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Cost Cuts Lift McClatchy

The Wall Street Journal – 2012-02-08

McClatchy's fourth-quarter earnings nearly tripled as cost cutting at the newspaper publishing company helped to mitigate declining advertising and circulation revenue.

McClatchy Profit Rises

The Wall Street Journal – 2012-02-07

McClatchy's fourth-quarter earnings nearly tripled as cost cutting at the newspaper publishing company helped to mitigate declining advertising and circulation revenue.

Earnings preview: McClatchy to post 3Q results – 2011-10-20

Newspaper publisher McClatchy Co.'s third-quarter earnings should shed more light on how much the ongoing newspaper advertising slump is affecting the company.

McClatchy's 2Q expected to show more ad erosion – 2011-07-28

McClatchy Co.'s second-quarter earnings will show how much further the newspaper publisher's revenue has fallen in a slump that has triggered massive staff cutbacks.

McClatchy says revenue decline easing, stock up – 2011-06-21

Newspaper publisher McClatchy says its revenue decline is easing in the second quarter. Its revenue declined 8 percent in April and May compared with a year ago. That's better than the 9.5 percent...

McClatchy suffers $2 million loss in first quarter

San Francisco Chronicle – 2011-04-27

(04-26) 13:35 PDT Sacramento, Calif. (AP) -- McClatchy Co., publisher of The Sacramento (Calif.) Bee, The Miami Herald and other newspapers, said Tuesday that it had a net loss in the first quarter...

McClatchy Reports First Quarter Loss

Editor & Publisher – 2011-04-26

The Sacramento-based company, publisher of The Sacramento Bee, The Miami Herald and 28 other daily newspapers, continues to be hit by declining ad revenues.

Media Decoder: McClatchy Mulls Digital Products

The New York Times – 2011-04-26

The publisher of The Kansas City Star and The Miami Herald didn't escape the continued downturn in the newspaper business.

McClatchy 4Q profit falls 42 pct on revenue drop

San Francisco Chronicle – 2011-02-08

(02-08) 07:04 PST Sacramento, Calif. (AP) -- Newspaper publisher McClatchy is reporting a 42 percent drop in fourth-quarter earnings, hurt by a decline in revenue and rising interest expenses on its...

McClatchy's bank pact allows debt reduction

SacBee – 2010-12-20

The McClatchy Co. announced a deal with lenders Friday that will give the Sacramento-based newspaper chain more flexibility to pay off its bonds early.

J.P. Morgan Upgrades McClatchy; Expects Better Margins for Newspapers in 2010

Editor And Publisher – 2010-03-26

J.P. Morgan lifted its rating on the McClatchy Co. from "underweight" to "neutral" due to improved debt and liquidity and better advertising trends.

McClatchy's 'Ft. Worth Star-Telegram' Issues Furloughs

Editor And Publisher – 2010-03-24

While newspaper companies are reporting better quarterly results, they are clearly not out of the woods. McClatchy's Ft. Worth Star-Telegram just issued one-week unpaid furloughs for employees.

McClatchy Rolls Out Sunday Select Program to More Cities

Editor And Publisher – 2010-02-16

McClatchy is expanding its Sunday Select program to four additional markets: Fresno, Calif.; Boise, Idaho; and Macon and Columbus in Georgia.

McClatchy Note Buyback Offer Gets Good Response

Editor And Publisher – 2010-02-10

The McClatchy Co. Wednesday announced the articipation results of its offer to buy back debt coming due next year and in 2014. The results indicated the parent company of The Miami Herald and...

The Price of Debt: McClatchy Stock Tumbles on Steep Bond Interest Rate

Editor And Publisher – 2010-02-05

McClatchy Co. shares tumbled Friday along with the broader market after the newspaper publisher agreed to pay steep interest rates to push back its deadline for repaying debt.

McClatchy Sweetens Debt Buy-Back Offer

Editor And Publisher – 2010-02-03

The McClatchy Co. on Wednesday sweetened its offer to buy back bonds coming due in 2014 by adding nearly $200 to the price it will pay for every $1,000 in the notes.

McClatchy Top Execs Get 2010 Bonus Plan -- But Not CEO Pruitt

Editor And Publisher – 2010-01-29

In a regulatory filing late Friday, The McClatchy Co. said top executives will be eligible for $160,000-plus bonuses each under a "2010 Senior Executive Retention Bonus Plan. CEO Gary Pruitt,...

Profits Reach $25.8 Million at McClatchy

New York Times – 2010-01-28

The news media company reversed a loss and announced plans to extend a deadline for repaying debt.

More Good News for McClatchy: Credit Upgrade Likely

Editor And Publisher – 2010-01-27

Moody's Investors Service, the big credit rating agency, said Wednesday it is reviewing The Miami Herald parent for a possible upgrade of its corporate credit rating. Moody's said the $875 million...

McClatchy CEO: 'Some Evidence' Classified Ads Recovering; 'Miami Herald' Parent Swings to Q4 Profit

Editor And Publisher – 2010-01-27

The McClatchy Co. CEO Gary Pruitt said Wednesday there is "some evidence that classified advertising is recovering" as the nation's third-largest newspaper publisher reported it swung to a profit in...

Commentary: McClatchy To Experiment with Pay Model

Editor And Publisher – 2010-01-27

McClatchy is one of the few newspaper companies reporting positive online advertising results in a very tough year. In Q4, online ad revenue was up 14.9% and now represents almost 16% of total...

McClatchy Stock Soars on Better Ad Revenue, Easing Debt Worries

Editor And Publisher – 2010-01-27

Shares of The McClatchy Co. soared on New York Stock Exchange trading Wednesday, pushed by better-than-expected fourth-quarter results and that announcement of a refinancing that eased worries about...

Contrary to Rumor: McClatchy Not Dismantling D.C. Bureau

Editor And Publisher – 2009-04-03

John Walcott writes, "Sorry bloggers, rumor-mongers and competitors, but none of that is true." But two reporters are exiting.

McClatchy CEO Pruitt's Pay Tumbled 40% in '08

Editor And Publisher – 2009-03-31

In a tough year that drove The McClatchy Co.'s stock down to penny stock levels and forced three rounds of layoffs, Chairman and CEO Gary Pruitt's total compensation fell by about 40% in 2008...

McClatchy-Tribune News Service to Include All Tribune D.C. Content

Editor And Publisher – 2009-03-19

"MCT is now moving all stories and coverage about the nation¿s capital from Tribune Company¿s Washington bureau," an advisory sent Thursday states.

Editor in Miami Quits McClatchy 'Nuevo Herald' Over Mandated Cuts

Editor And Publisher – 2009-03-19

Humberto Castello said Thursday he is resigning after seven years as executive editor rather than carry out mandated newsroom reductions at El Nuevo Herald, the Spanish-language sibling daily to The...

McClatchy Weeklies Exec Named 'Olympian' Publisher

Editor And Publisher – 2009-03-18

George Le Masurier, who has been publisher of two McClatchy Co. weeklies in Washington state, was named president and publisher of The Olympian in Olympia, Wash.

U.S. newspaper publisher McClatchy makes dramatic cuts

National Post – 2009-03-11

McClatchy Co will slash 1,600 jobs, or about 15% of its workforce, and dock the pay of its top executives, in one of the more dramatic cuts by a U.S. newspaper publisher as it struggles with...

McClatchy's Miami Herald to cut about 175 jobs

International Herald Tribune – 2009-03-11

The publisher of The Miami Herald says about 175 employees will lose their jobs as the newspaper cuts costs.

Newspaper publisher McClatchy cutting 1,600 jobs

AP – 2009-03-10

AP - McClatchy Co. is shearing another 1,600 jobs in a cost-cutting spree that has clipped nearly one-third of the newspaper publisher's work force in less than a year.

Unrecoverable Funds Push McClatchy's Q4 Loss to $27 Million

Editor And Publisher – 2009-03-04

Newspaper publisher McClatchy Co. said it may not be able to recover $5.3 million owed by newspapers it had sold to companies that have recently filed for Chapter 11 bankruptcy protection.

McClatchy Posts a Loss and Promises Steeper Cuts

New York Times – 2009-02-06

The newspaper publisher reported a $21.7 million loss for the fourth quarter on Thursday, reflecting the declining value of its newspapers.

S&P Predicts McClatchy Loan Default by Year's End

Editor And Publisher – 2009-02-06

Standard & Poor's Ratings Services downgraded The McClatchy Co.'s credit ratings Friday, and warned the Miami Herald parent could default on its loan agreements by the end of the year.

McClatchy, Wall Street Journal to Cut Jobs – 2009-02-05

McClatchy says it will implement cost cuts that will include the elimination of positions, and Dow Jones says 14 jobs will be cut at 'The Wall Street Journal.'

McClatchy reports 4Q loss on newspapers' decline

AP via Yahoo! News – 2009-02-05

Newspaper publisher McClatchy Co. reported a $21.7 million loss for the fourth quarter on Thursday, reflecting the declining value of its newspapers, and said it plans deep cost cuts this year.

With Q4 Loss of $20 Million, McClatchy Vows to Cut Expenses $100 Million in '09

Editor And Publisher – 2009-02-05

The McClatchy Co. Thursday reported a fourth-quarter net loss from continuing operations of $20.4 million, or 25 cents per share, that includes a pre-tax non-cash impairment charge of $59.6 million...

McClatchy names Modesto Bee publisher

BizJournals – 2009-01-07

The McClatchy Co. has named Eric Johnston as president and publisher of The Modesto Bee.

McClatchy's November revenue drops 19.4 percent

AP via Yahoo! Finance – 2008-12-15

McClatchy Co., the nation's third-largest newspaper publisher, said Monday its total revenue fell 19.4 percent in November as print advertising declines continued to hurt results.

McClatchy's VP/News Weaver to Retire at Year's End

Editor And Publisher – 2008-12-04

The McClatchy Co. said today that Howard Weaver, vice president of news, has announced his retirement at the end of the year.

McClatchy and Christian Science Monitor to share content

Bradenton Herald – 2008-12-03

The McClatchy Company and the Christian Science Monitor are initiating a content-sharing agreement that will offer print and online readers of the Monitor and of McClatchy’s 30 daily newspapers...

McClatchy Co. Internet division cuts 16 employees

WBTV Charlotte – 2008-09-18

RALEIGH, N.C. (AP) - An Internet division of McClatchy Co. is cutting about 11% of its work force as the company continues to deal with slumping advertisement sales.

McClatchy to cut 1,150 jobs, 10 pct of work force

International Herald Tribune – 2008-09-17

The McClatchy Co., one of the leading U.S. newspaper publishers, announced its second major round of job cuts in three months and blamed a sour U.S. advertising environment in trimming its payroll...

Third largest US newspaper publisher McClatchy cuts 1,150 jobs

Guardian Unlimited – 2008-09-17

McClatchy, America's third largest newspaper publisher, is to cut 1,150 jobs – about 10% of its staff – and halve its quarterly dividend. This follows a cut of 1,400 jobs in June and a one-year...

US newspaper publisher McClatchy to impose pay freeze

Guardian – 2008-08-18

US newspaper publisher McClatchy is to introduce a year-long wage freeze for all its employees from the start of September. By Oliver Luft

McClatchy Sells Real Cities to Centro

Editor And Publisher – 2008-08-14

The McClatchy Co. sold Real Cities to Chicago-based Centro for an undisclosed sum.

All 30 McClatchy Properties Choose Digital Technology for Circulation

Editor & Publisher – 2012-02-14

Springville, Utah (PRWEB) February 14, 2012 The McClatchy Company, the third-largest newspaper publisher in the United States, has signed an enterprise-wide agreement with Digital Technology...

Media Decoder Blog: McClatchy Chief to Lead The A.P.

The New York Times – 2012-03-22

Gary Pruitt, chairman and chief executive of the newspaper publisher McClatchy Company, becomes the 13th leader of The Associated Press.

AP names McClatchy CEO Gary Pruitt as its new president and chief executive

Editors Weblog – 2012-03-22

The Associated Press announced today that Gary Pruitt, the chairman, president and CEO of The McClatchy Co., will become its newest chief executive officer in July, succeeding current President and...

McClatchy Chairman and CEO Pruitt leaving for AP

SacBee – 2012-03-22

Gary Pruitt, who led The McClatchy Co. through a turbulent era of growth and contraction, resigned Wednesday to become president and chief executive officer of the Associated Press. Gary Pruitt...

McClatchy Co.'s net loss widens in first quarter

SacBee – 2012-04-26

The McClatchy Co. posted a $2.1 million quarterly loss Wednesday, as revenue declines continued for the Sacramento-based newspaper chain.

New CEO takes over at The McClatchy Co.

SacBee – 2012-05-17

With a few swift sentences, The McClatchy Co.'s top management officially changed hands Wednesday. Kevin McClatchy, left, McClatchy's new chairman, talks with new CEO Patrick...

Memorial service set for Martin Smith, former McClatchy Newspapers political editor

SacBee – 2012-06-26

A memorial service for Martin Smith, former political editor for McClatchy Newspapers, will be held Sunday in Sacramento.

McClatchy Co.'s quarterly profits drop

SacBee – 2012-10-26

The McClatchy Co. reported a drop in quarterly profits Thursday as The Bee's owner contended with an ongoing decline in advertising.

McClatchy expands its debt refinancing

SacBee – 2012-12-04

The McClatchy Co. on Monday announced it has expanded its program to refinance a hefty portion of the newspaper chain's debt.

McClatchy buys firm that tracks online ads

SacBee – 2013-03-14

The McClatchy Co. is buying a digital marketing firm that specializes in tracking the effectiveness of online advertising campaigns.

McClatchy reports bigger first-quarter loss

SacBee – 2013-04-28

The McClatchy Co., still trying to fight its way out of an industrywide advertising downturn, reported a first-quarter loss Thursday.

McClatchy posts lower second-quarter profit

SacBee – 2013-07-26

Despite progress in its digital initiatives, The McClatchy Co. reported lower profits Thursday as the newspaper industry struggles with a prolonged slide in advertising.

McClatchy Wants to Know If the NSA Helped New Zealand Spy on its Reporter

The Atlantic Wire – 2013-08-02

The publishing giant sent a letter to the Director of National Intelligence demanding that he clarify whether or not the NSA helped New Zealand spy on a reporter documenting possible war crimes...

McClatchy Editor Defends Publishing Al Qaeda Detail CNN, NY Times Held Back

Editor & Publisher – 2013-08-07

On Sunday, McClatchy reported that the decision to close U.S. embassies and issue a travel warning last week was prompted by an intercepted communication between Al Qaeda leader Ayman al Zawahiri and...

McClatchy Updates Policy on Handout Photos: ‘It’s Important to Take a Stance’

Editor & Publisher – 2013-11-27

“The editors of McClatchy newspapers have agreed not to publish photography issued by the White House,” McClatchy Vice President for News/Washington Editor Anders Gyllenhaal told...

McClatchy’s Deb Leithauser will become publisher of Pennsylvania paper

Poynter. – 2013-12-11

Centre Daily Times Debra Leithauser will leave her job as editor of McClatchy-Tribune Information Services to become publisher of the McClatchy-owned Centre Daily Times in State College, Pa. She...

5 Ways McClatchy is a model for a new breed of stand-alone newspaper companies

Poynter. – 2015-02-13

McClatchy has been a steady presence in the 15 years I’ve been writing about media business with a commitment to serious journalism even while shrinking newsrooms, aggressive digital expansion...

McClatchy Reimagines its Publishing Process

Editor & Publisher – 2015-03-12

For the past six months, staffers across The McClatchy Company have spent hundreds of hours talking with readers in ways we’ve never done before.

Today, McClatchy hits reset with several sites. Here’s how.

Poynter. – 2015-05-12

During the next year, The McClatchy Company will roll out redesigns to all its papers. It begins today with three in California – The Sacramento Bee, The Modesto Bee and the Merced Sun-Star....

Sexist Depiction of Hillary Clinton Published by McClatchy's Sacramento Bee

The Huffington Post – 2015-05-20

Co-authored with Kevin Hall, a clean air activist and organizer in Fresno, Calif. The 2016 presidential campaign season is upon us all too soon, and editorial cartoonists across the nation are...

McClatchy Says It’s a ‘Digital’ Company, but More Work Still Remains

Editor & Publisher – 2015-07-09

McClatchy published its first newspaper 158 years ago in Sacramento during the California Gold Rush. It has 29 dailies today, but it’s corporate leaders stress again and again that it is no...

McClatchy: ‘We Have Not Made Any Decision’ to Close Foreign Bureaus

Editor & Publisher – 2015-08-28

The McClatchy Company, publisher of over 30 U.S. newspapers, is responding to rumors that the company plans to shutter foreign bureaus that surfaced on Twitter this week. The upshot: hard to say,...

Sacramento Bee publisher retires amid McClatchy corporate restructuring

Silicon Valley Business Journal – 2017-03-18

The McClatchy Co., publisher of the Sacramento Bee and other daily newspapers nationwide, announced a corporate restructuring Friday as the company tries to focus its digital strategy. Also on...

Windward beats McClatchy, 53-41, for CIF Division I title

Los Angeles Times – 2017-03-25

It was a charismatic performance, one certainly worthy of her given name. Charisma Osborne led the L.A. Windward Wildcats to a 53-41 victory Friday over Sacramento McClatchy in the CIF state Division...

Digital executive will step down amid restructuring at McClatchy, owner of four Washington newspapers

Silicon Valley Business Journal – 2017-03-29

The McClatchy Co., which publishes The News Tribune of Tacoma, The Olympian and The Bellingham Herald, announced Monday that Vice President for Strategic Initiatives Christian Hendricks is...

Shares of newspaper publisher McClatchy are down more than 3% – 2017-07-24

Shares of newspaper publisher McClatchy are down more than 3%

Google rolls out new subscription tool with McClatchy newspaper sites

Digiday – 2018-04-24

The tool will let people subscribe to online publications in a two-click process and is among a suite of pro-publisher efforts Google has been rolling out. The post Google rolls out new subscription...

Tribune Publishing gets bids from McClatchy, AIM Media and Donerail

Los Angeles Times – 2018-11-03

Investment firm Donerail Group and newspaper publishers McClatchy Co. and AIM Media have submitted bids for Tribune Publishing Co., according to people familiar with the matter. Tribune’s board is...

How McClatchy plans to pursue national advertisers’ digital budgets

Digiday – 2018-11-15

The 161-year-old newspaper publisher has hired its first-ever national ad sales vp in a bid to boost digital ad revenue. The post How McClatchy plans to pursue national advertisers’ digital...

Tribune Publishing ends talks about selling company to McClatchy

Baltimore Sun – 2018-12-14

Tribune Publishing has terminated negotiations to sell the Chicago-based newspaper company to McClatchy, a source familiar with the matter said Thursday. The decision, reached by the Tribune...

Tribune Publishing deal to sell itself to McClatchy is off

Los Angeles Times – 2018-12-14

Tribune Publishing Co. has terminated negotiations to sell itself to fellow newspaper company McClatchy Co., a person familiar with the matter said Thursday. The decision, reached by the Tribune...

Tribune Publishing is said to reject McClatchy takeover bid

Advertising Age – 2018-12-14

Tribune Publishing Co.'s talks over a potential takeover by McClatchy Co. have ended without a deal for the regional newspaper owner, according to people familiar with the matter.Tribune Publishing...

Google News Initiative and McClatchy Will Fill a Local News Void in 3 U.S. Markets

AdWeek – 2019-03-27

Google News Initiative, the search-engine giant's program to work with publishers in the media industry, teamed up with newspaper publisher McClatchy on an initiative to bring local news coverage to...

McClatchy could hire 10 reporters for the money it will spend to get Devin Nunes lawsuit dismissed

Poynter. – 2019-04-11

Republican Congressman Devin Nunes of California is suing the McClatchy Corporation for a story his hometown newspaper published, exposing questionable activities of a business Nunes has invested...

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