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David Landsberg Named Publisher of The Miami Herald and El Nuevo Herald

Released 10/03/2006

The McClatchy Company (NYSE: MNI) announced today that Jesus Diaz Jr. has resigned as president of The Miami Herald Media Company to seek opportunities outside the newspaper industry. MHMC's general manager, David Landsberg, has been named to the post.

Landsberg, a native of Miami and longtime Herald employee, will move into the job immediately. "While we are sorry to see Jesus leave, we couldn't be happier about having such a talented and experienced leader perfectly poised to step into this important job," said Gary Pruitt, McClatchy President and CEO. "There is nobody better prepared or more superbly equipped to take on this role, and we look forward to the great success he can bring the company."

Diaz has been president and publisher of MHMC, which includes The Miami Herald and El Nuevo Herald newspapers, for about 14 months. For three years prior to that, Diaz served as the company's general manager. In June, MHMC's parent, Knight-Ridder Inc., was sold to Sacramento-based McClatchy.

"The sale of Knight Ridder gave me an opportunity to reflect on my own career, including pursuing a lifelong dream of becoming a CEO," Diaz said. Controversy surrounding the revelation that some El Nuevo Herald employees had been paid by government-funded Radio and TV Marti crystallized his decision to leave, Diaz said.

"Jesus is a talented executive whose tenure at the Miami Herald Media Company was marked by high performance and great results. We wish him every success in his new endeavors," said McClatchy VP, Operations Frank Whittaker. "I am excited to be working with David Landsberg, who is one of the brightest talents in the newspaper industry and a passionate advocate for Miami and South Florida."

"For me, being able to help lead these great papers and our media company into the next era is the challenge and the opportunity of a lifetime," Landsberg said. "Miami and South Florida are at the hub of change, growth and excitement in this hemisphere, and we will work tirelessly to make sure the Miami Herald Media Company continues to play a leading role."

Landsberg, 44, has been second in command at MHMC as general manager since July 2005. Before that he served as vice president of advertising, chief financial officer and in various financial roles dating to 1984. With a business degree from the University of Florida and an MBA from University of Miami, he was raised in Coral Gables and was graduated from Coral Gables High School.

He is married to Anoly Landsberg and has three young daughters, Jessica, Natasha and Daniela. Landsberg is a member of the Orange Bowl Committee, a board member of Goodwill Industries of South Florida, a trustee of the United Way of Miami-Dade, and participates on the University of Florida MBA Advisory Board among other activities.

The McClatchy Company is the second-largest newspaper company in the United States, with 32 daily newspapers and approximately 50 non-dailies. McClatchy-owned newspapers include the (Minneapolis) Star Tribune, The Miami Herald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer, and The (Raleigh) News & Observer. In addition, McClatchy has a robust network of valuable internet assets, including leading local websites in each of its daily newspaper markets, offering readers information, comprehensive news, advertising, e-commerce and other services. The company also owns and operates McClatchy Interactive, an interactive operation that provides websites with content, publishing tools and software development; Real Cities (http://www.RealCities.com), the largest national network of city and regional web sites, operating in more than 110 U.S. markets, and is part owner of CareerBuilder, the nation's largest online classified employment listing service. McClatchy also owns 25 percent of Classified Ventures, a newspaper industry partnership that includes such online classified web sites as cars.com and apartments.com. McClatchy is listed on the New York Stock Exchange under the symbol MNI.