McClatchy Company

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The McClatchy Company is the third largest newspaper business in the U.S., as of June 2008, (behind USA TODAY publisher Gannett and Tribune Company). It has 30 daily papers with a combined circulation of over 2.7 million. The McClatchy family holds more than 90% of the firm's voting power. A division is McClatchy Newspapers. [1]

The company "dates to the California Gold Rush era of 1857, when James McClatchy was one of the founding editors of its first newspaper, The Sacramento Bee -- one of the oldest newspapers in the West. Coverage of California’s Central Valley expanded with the founding of The Fresno Bee in 1922 and the purchase of The Modesto Bee in 1927.

"For more than a century, California was the cornerstone of the company. In 1979, McClatchy expanded into the Northwest with the purchase of the Anchorage Daily News and the Tri-City Herald in Kennewick, Wash. In 1986, The News Tribune in Tacoma, Wash., was added to McClatchy’s growing family of newspapers.

"The company went public in February 1988 and its Class A common shares are listed on The New York Stock Exchange under the symbol MNI. The company’s Class B common stock, which controls a majority of shareholder voting power, is not publicly traded...

"In 2006, McClatchy purchased Knight Ridder Inc. to become the second-largest newspaper publisher in the United States..." [2]

Personnel

Officers:
Accessed June 2008:[3]

Directors:
Accessed June 2008: [4]

Former

Contact

2100 Q Street
Sacramento, CA 95816
United States
Phone: 916-321-1846
Fax: 916-321-1964
Web: http://www.mcclatchy.com

Resources and articles

Related Sourcewatch articles

References

  1. The McClatchy Company Profile, Hoovers, accessed June 2008.
  2. Overview, McClatchy Company, accessed March 19, 2008.
  3. Officers, McClatchy Company, accessed June, 2008.
  4. Directors, McClatchy Company, accessed June 19, 2008.