
| 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 Dec. 8, 2009, at 9 a.m., Eastern time. 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. 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, in the third quarter of 2009 after excluding the unusual items discussed below, compared to $10.4 million, or 13 cents per share, reported in the third quarter of 2008. The company noted that its adjusted earnings in the third quarter of 2009 were negatively impacted by a refinement to its projected annual tax rate. The Company's tax rate in the third quarter of 2009 was 61.8%. SACRAMENTO, Calif. -- The McClatchy Company (NYSE:MNI) today announced its presence on three social networks –- Facebook, Twitter and LinkedIn –- and will use these online outlets to share company news and information. 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. 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 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. SACRAMENTO, Calif. -- The McClatchy Company (NYSE:MNI) today named Glen Nardi as president and publisher of the Sun Herald in Biloxi, Miss. The McClatchy Company (NYSE-MNI) today reported net income from continuing operations in the second quarter of 2009 of $42.0 million, or 50 cents per share - more than double the earnings per share in the second quarter of 2008. Adjusted earnings from continuing operations,(1) excluding several unusual items in the second quarter of 2009, were $25.2 million, or 30 cents per share, up 42.9% from the 2008 quarter. Total net income including discontinued operations was $42.2 million, or 50 cents per share. 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 McClatchy Company (NYSE: MNI) announced today that Lynn Dickerson, vice president, operations, will leave the company July 17. 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. 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. 499040AH6) and its 6.875% Debentures due 2029 (CUSIP No. 499040AL7)(the "2029 Debentures" and collectively, with the 2011 Notes, 2014 Notes, 2017 Notes and 2027 Debentures, the "Old Notes"). The expiration for the Exchange Offer occurred at 5:00 p.m., New York City time, on June 25, 2009 (the "Expiration Date"). The settlement date of the Exchange Offer is expected to be today. 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 collectively, with the 2011 Notes, 2014 Notes, 2017 Notes and 2027 Debentures, the "Old Notes"). 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 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 located outside the United States. The purpose of these private exchange offers is to reduce indebtedness and improve the financial flexibility of the Company. 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 issued in such an offer have a stated maturity of no earlier than July 1, 2014. As of May 20, 2009, McClatchy had $140.8 million available under its credit facilities. McClatchy today separately announced a private exchange offer to exchange certain outstanding notes and debentures for a combination of cash and new debt securities. SACRAMENTO, Calif., April 1/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 no less than $75 million. SACRAMENTO, Calif., March 18 2009 -- The McClatchy Company (NYSE:MNI) today named veteran newspaper executive George Le Masurier as president and publisher of The Olympian in Olympia, Wash. He replaces John Winn Miller, who resigned in January. The McClatchy Company (NYSE: MNI) today provided additional details about its previously announced restructuring plan. The McClatchy Company (NYSE:MNI) today named Susan D. Leath as president and publisher of the Centre Daily Times in State College, Pa. 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. SACRAMENTO, Calif. -- Robust public service reporting that shined a spotlight on wrongdoing and government failures topped the eight winners of McClatchy's President's Awards for the second half of 2008. 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 26
cents per share, in the fourth quarter of 2008 after excluding several unusual
items discussed below. Total net loss including discontinued operations was
$21.7 million, or 26 cents per share in the 2008 fourth quarter. 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
dividend of nine cents per share is half the per share dividend paid in the
2008 first quarter. 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 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) 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) 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. |
