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McClatchy to Webcast Fourth Quarter 2006 Earnings Conference Call

Released 01/29/2007

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 Tuesday, February 6, 2007 at noon Eastern, 9:00 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the market opens on February 6. The full text of the announcement and the financial tables also will be available on McClatchy's website.

The live webcast and press release will be accessible through http://www.mcclatchy.com and an archive of the webcast will be available for future reference.

In addition, McClatchy will provide access to the Noon conference call through listen-only, dial-in conference lines. To gain access to the call, dial 1-877-278-1205 at least ten minutes prior to the scheduled start of the call. The call conference ID is 6828794.

About McClatchy

The McClatchy Company is the third largest newspaper company in the United States (excluding the Star Tribune newspaper which the company has agreed to sell to Avista Capital Partners), with 31 daily newspapers and approximately 50 non-dailies. McClatchy-owned newspapers include 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 internet assets, including leading local websites in each of its daily newspaper markets, offering users 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 advertising network of local news websites, including more than 130 newspaper websites; and 15.0% of CareerBuilder, the nation's largest online job site. McClatchy also owns 25.6% of Classified Ventures, a newspaper industry partnership that offers classified websites such as cars.com and apartments.com. McClatchy is listed on the New York Stock Exchange under the symbol MNI.

ADDITIONAL INFORMATION

Statements in this press release regarding the proposed transaction between McClatchy and Avista Capital Partners, the expected timetable for completing the transaction, future financial and operating results, benefits of the transaction (including but not limited to tax benefits), future opportunities for the company and any other statements about management's future expectations, beliefs, goals, plans or prospects constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," estimates and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the ability to consummate the transaction; to realize the benefits from the transaction and to realize future opportunities; and the other factors described in McClatchy's Quarterly Report on Form 10-Q for the quarter ended September 24, 2006 and the final Prospectus/Proxy Statement/Information Statement contained in McClatchy's Registration Statement on Form S-4 (Registration No. 333-133321. McClatchy disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.