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McClatchy Reports July 2007 Revenues

Released 08/20/2007

The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in July 2007 decreased 9.4% and total revenues were down 8.6%.

Year-to-date advertising revenues declined 7.9% and total revenues were down 7.0% on a pro forma basis (including the addition of newspapers purchased in the Knight Ridder acquisition and excluding the Minneapolis Star Tribune newspaper in the first six months of 2006).

Advertising revenue performance at the company's newspapers is summarized in McClatchy's statistical report that follows.

The McClatchy Company is the third largest newspaper company in the United States, with 31 daily newspapers, approximately 50 non-dailies and direct marketing and direct mail operations. McClatchy also operates leading local websites in each of its markets which complement its newspapers and extends its audience reach in each market. Together with its newspapers and direct marketing products, these operations make McClatchy the leading local media company in each of its premium high growth markets. 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.

McClatchy also has a portfolio of premium digital assets. Its leading local websites offer users information, comprehensive news, advertising, e-commerce and other services. The company owns and operates McClatchy Interactive, an interactive operation that provides websites with content, publishing tools and software development. McClatchy operates Real Cities (http://www.RealCities.com), the largest national advertising network of local news websites and owns 14.4% 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 the nation's number two online auto website, cars.com, and the number one rental site, apartments.com. McClatchy is listed on the New York Stock Exchange under the symbol MNI.

Additional Information:

Statements in this press release regarding future financial and operating results, including revenues 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 risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: McClatchy's operations have been, and will likely continue to be, adversely affected by competition, including competition from internet publishing and advertising platforms; as well as the other risks detailed from time to time in the Company's publicly filed documents, including the Company's Annual Report on Form 10-K for the year ended December 31, 2006, filed with the U.S. Securities and Exchange Commission. McClatchy disclaims any intention and assumes no obligation to update the forward-looking information contained in this release.

                           ***The McClatchy Company***
                         Consolidated Statistical Report
                      (In thousands, except for preprints)

July Combined % Revenues - Net: 2007 2006 Change

Advertising Retail $75,249 $76,422 -1.5% National 14,560 17,971 -19.0% Classified Total 65,635 77,485 -15.3% Automotive 15,755 19,612 -19.7% Real Estate 18,444 24,916 -26.0% Employment 22,159 24,858 -10.9% Other Class 9,277 8,099 14.5% Direct Marketing 13,811 14,938 -7.5% Other Adv Rev 180 108 66.7% Total Advertising $169,435 $186,924 -9.4%

Circulation 25,661 26,030 -1.4% Other 5,576 6,496 -14.2% Total Revenues $200,672 $219,450 -8.6% Memo: Online Only Advertising Revenue $14,498 $13,378 8.4%

Advertising Revenues by Market: California $32,886 $40,138 -18.1% Florida 24,577 30,243 -18.7% Texas 17,557 19,028 -7.7% Southeast 43,505 44,337 -1.9% Midwest 23,909 24,944 -4.1% Northwest 19,847 20,569 -3.5% Other 7,154 7,665 -6.7% Total Advertising $169,435 $186,924 -9.4%

***The McClatchy Company*** Consolidated Statistical Report (In thousands, except for preprints)

July Print Only % Revenues - Net: 2007 2006 Change

Advertising Retail $73,236 $74,923 -2.3% National 14,048 16,265 -13.6% Classified Total 53,663 67,312 -20.3% Automotive 13,523 17,735 -23.7% Real Estate 17,084 23,558 -27.5% Employment 14,423 18,451 -21.8% Other Class 8,633 7,568 14.1% Direct Marketing 13,811 14,938 -7.5% Other Adv Rev 179 108 65.7% Total Advertising $154,937 $173,546 -10.7%

Advertising Revenues by Market: California $30,494 $37,793 -19.3% Florida 22,959 28,658 -19.9% Texas 16,315 17,969 -9.2% Southeast 39,167 40,825 -4.1% Midwest 21,683 22,984 -5.7% Northwest 17,873 19,053 -6.2% Other 6,446 6,264 2.9% Total Advertising $154,937 $173,546 -10.7%

Advertising Statistics for Dailies: Full Run ROP Linage 3,046.3 3,284.9 -7.3%

Millions of Preprints Distributed 595.4 616.6 -3.4%

Average Paid Circulation:* Daily 2,583.3 2,666.9 -3.1% Sunday 3,278.7 3,388.7 -3.2%

* Reflects average paid circulation based upon number of days in period. Does not reflect ABC reported figures.

***The McClatchy Company*** Consolidated Statistical Report (In thousands, except for preprints)

July Year-to-Date Combined As *Pro Forma Reported % Revenues - Net: 2007 2006 Change 2006

Advertising Retail $494,480 $507,987 -2.7% $214,949 National 105,775 119,191 -11.3% 47,122 Classified Total 441,973 509,829 -13.3% 233,340 Automotive 101,650 121,562 -16.4% 56,335 Real Estate 128,281 156,622 -18.1% 80,295 Employment 158,042 178,933 -11.7% 75,939 Other Class 54,000 52,712 2.4% 20,771 Direct Marketing 91,276 93,958 -2.9% 40,442 Other Adv Rev 1,231 1,100 11.9% 1,087 Total Advertising $1,134,735 $1,232,065 -7.9% $536,940

Circulation 167,248 173,702 -3.7% 73,297 Other 45,274 42,411 6.8% 15,675 Total Revenues $1,347,257 $1,448,178 -7.0% $625,912 Memo: Online Only Advertising Revenue $98,482 $96,217 2.4% $35,466

Advertising Revenues by Market: California $220,598 $254,770 -13.4% $241,322 Florida 179,374 215,653 -16.8% 30,243 Texas 116,743 126,178 -7.5% 19,028 Southeast 286,552 293,669 -2.4% 124,640 Midwest 155,685 165,783 -6.1% 24,944 Northwest 130,319 130,767 -0.3% 89,098 Other 45,464 45,245 0.5% 7,665 Total Advertising $1,134,735 $1,232,065 -7.9% $536,940

Advertising Statistics for Dailies: Full Run ROP Linage 9,572.1

Millions of Preprints Distributed 1,732.8

***The McClatchy Company*** Consolidated Statistical Report (In thousands, except for preprints)

July Year-to-Date Print Only *Pro Forma % Revenues - Net: 2007 2006 Change

Advertising Retail $480,035 $499,211 -3.8% National 102,084 112,877 -9.6% Classified Total 361,628 428,702 -15.6% Automotive 87,735 109,514 -19.9% Real Estate 119,437 147,389 -19.0% Employment 104,241 122,699 -15.0% Other Class 50,215 49,100 2.3% Direct Marketing 91,276 93,958 -2.9% Other Adv Rev 1,230 1,100 11.8% Total Advertising $1,036,253 $1,135,848 -8.8%

Advertising Revenues by Market: California $205,026 $240,113 -14.6% Florida 166,426 201,048 -17.2% Texas 108,618 117,763 -7.8% Southeast 257,049 266,949 -3.7% Midwest 140,967 150,526 -6.4% Northwest 117,176 120,335 -2.6% Other 40,991 39,114 4.8% Total Advertising $1,036,253 $1,135,848 -8.8%

Advertising Statistics for Dailies: Full Run ROP Linage 19,440.5 20,705.2 -6.1%

Millions of Preprints Distributed 3,883.2 4,018.7 -3.4%

Average Paid Circulation:** Daily 2,744.4 2,845.5 -3.6% Sunday 3,397.8 3,541.4 -4.1%

* Pro Forma includes Knight Ridder acquisitions and excludes (Minneapolis) Star Tribune newspaper. ** Reflects average paid circulation based upon number of days in period. Does not reflect ABC reported figures.