Edgar Resigns as McClatchy Controller
The McClatchy Company (NYSE: MNI) today announced that Larry Edgar, controller, has resigned effective February 29, 2008, to become managing partner of Edgar & Associates, a family-owned business that provides tax and accounting services. A search for Mr. Edgar's replacement will begin immediately.
Pat Talamantes, McClatchy's chief financial officer, said, "We will miss Larry and wish him well in his new venture. Larry played a key role in the integration of the accounting systems and internal controls of the company after the acquisition of Knight Ridder. We appreciate his willingness to stay for an extended period while we find his replacement and transition his responsibilities. It's just indicative of the kind of commitment that Larry has always made to McClatchy."
"I have enjoyed my time at McClatchy and appreciate the professional development of serving as the corporate controller during a period of tremendous growth for the company. I will miss the people at McClatchy and have the greatest respect for the company and the integrity of the organization," said Larry Edgar.
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.