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McClatchy Reports August 2007 Revenues

Released 09/19/2007

The McClatchy Company (NYSE: MNI) today reported that consolidated advertising revenues in August 2007 decreased 9.2% and total revenues were down 8.4%. Year-to-date advertising revenues declined 8.0% and total revenues were down 7.1% 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).

Gary Pruitt, chairman and chief executive officer of McClatchy said, "As we anticipated at the time we released our second quarter earnings, we have seen continued declines in real estate advertising, particularly in the California and Florida newspapers. We expect little improvement in advertising trends before the fourth quarter of 2007 and expect that revenues will likely still be negative in that quarter. But we are not accepting business on these terms-indeed we are working hard to mitigate the impact of revenue declines by exerting strong cost discipline. We are making progress on reducing debt in the third quarter and will continue to focus on de-levering our balance sheet."

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)

August Combined

Revenues - Net: 2007 2006 % Change

Advertising Retail $64,337 $65,212 -1.3% National 12,905 14,622 -11.7% Classified Total 54,320 65,700 -17.3% Automotive 13,589 15,087 -9.9% Real Estate 14,929 20,132 -25.8% Employment 19,020 23,503 -19.1% Other Class 6,782 6,978 -2.8% Direct Marketing 11,842 12,548 -5.6% Other Adv Rev 207 112 84.8% Total Advertising $143,611 $158,194 -9.2%

Circulation 20,802 21,614 -3.8% Other 5,033 5,233 -3.8% Total Revenues $169,446 $185,041 -8.4%

Memo: Online Only Advertising Revenue $13,797 $14,241 -3.1%

Advertising Revenues by Market: California $27,407 $32,909 -16.7% Florida 20,763 24,142 -14.0% Texas 15,091 15,776 -4.3% Southeast 37,075 38,291 -3.2% Midwest 20,010 21,135 -5.3% Northwest 17,060 18,325 -6.9% Other 6,205 7,616 -18.5% Total Advertising $143,611 $158,194 -9.2%

August Print Only

Revenues - Net: 2007 2006 % Change

Advertising Retail $62,208 $63,922 -2.7% National 12,328 13,017 -5.3% Classified Total 43,227 54,356 -20.5% Automotive 11,487 13,306 -13.7% Real Estate 13,716 18,737 -26.8% Employment 11,795 15,791 -25.3% Other Class 6,229 6,522 -4.5% Direct Marketing 11,842 12,548 -5.6% Other Adv Rev 209 110 90.0% Total Advertising $129,814 $143,953 -9.8%

Advertising Revenues by Market: California $25,357 $30,961 -18.1% Florida 19,118 22,273 -14.2% Texas 13,905 14,708 -5.5% Southeast 32,956 34,612 -4.8% Midwest 17,844 19,231 -7.2% Northwest 15,214 16,724 -9.0% Other 5,420 5,444 -0.4% Total Advertising $129,814 $143,953 -9.8%

Advertising Statistics for Dailies: Full Run ROP Linage 2,492.1 2,793.1 -10.8%

Millions of Preprints Distributed 522.2 544.7 -4.1%

Average Paid Circulation:* Daily 2,623.1 2,700.0 -2.8% Sunday 3,308.7 3,431.5 -3.6%

* 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)

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

Advertising Retail $558,817 $573,199 -2.5% $280,602 National 118,680 133,813 -11.3% 61,740 Classified Total 496,293 575,530 -13.8% 299,044 Automotive 115,240 136,649 -15.7% 71,425 Real Estate 143,210 176,754 -19.0% 100,427 Employment 177,062 202,436 -12.5% 99,442 Other Class 60,781 59,691 1.8% 27,749 Direct Marketing 103,118 106,506 -3.2% 52,550 Other Adv Rev 1,438 1,211 18.7% 1,198 Total Advertising $1,278,346 $1,390,259 -8.0% $695,134

Circulation 188,050 195,316 -3.7% 94,911 Other 50,307 47,644 5.6% 20,908 Total Revenues $1,516,703 $1,633,219 -7.1% $810,953

Memo: Online Only Advertising Revenue $112,280 $110,457 1.7% $49,717

Advertising Revenues by Market: California $248,005 $287,680 -13.8% $274,232 Florida 200,138 239,795 -16.5% 54,385 Texas 131,834 141,954 -7.1% 34,803 Southeast 323,626 331,960 -2.5% 162,931 Midwest 175,695 186,919 -6.0% 46,079 Northwest 147,379 149,091 -1.1% 107,423 Other 51,669 52,860 -2.3% 15,281 Total Advertising $1,278,346 $1,390,259 -8.0% $695,134

Advertising Statistics for Dailies: Full Run ROP Linage 12,252.1

Millions of Preprints Distributed 2,300.7

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

Advertising Retail $542,243 $563,133 -3.7% National 114,412 125,894 -9.1% Classified Total 404,855 483,058 -16.2% Automotive 99,222 122,820 -19.2% Real Estate 133,153 166,126 -19.8% Employment 116,037 138,491 -16.2% Other Class 56,443 55,621 1.5% Direct Marketing 103,118 106,506 -3.2% Other Adv Rev 1,438 1,211 18.7% Total Advertising $1,166,066 $1,279,802 -8.9%

Advertising Revenues by Market: California $230,383 $271,074 -15.0% Florida 185,544 223,321 -16.9% Texas 122,523 132,471 -7.5% Southeast 290,006 301,560 -3.8% Midwest 158,811 169,757 -6.4% Northwest 132,390 137,059 -3.4% Other 46,409 44,560 4.1% Total Advertising $1,166,066 $1,279,802 -8.9%

Advertising Statistics for Dailies: Full Run ROP Linage 22,005.8 24,424.6 -9.9%

Millions of Preprints Distributed 4,443.0 4,643.1 -4.3%

Average Paid Circulation:** Daily 2,730.5 2,828.9 -3.5% Sunday 3,387.6 3,527.9 -4.0%

* 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.