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The McClatchy Company
TypePublic
FoundedFebruary 3, 1857
HeadquartersSacramento, California
Key peopleJames McClatchy, founder of the Sacramento Bee
IndustryPublishing
ProductsNewspapers
Revenue$2. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc Events 1112 - Ramon Berenguer III of Barcelona and Douce I of Provence marry uniting the fortunes of those two states Click here for Indian Rebellion of 1857 Year 1857 ( MDCCCLVII) was a Common year starting on Thursday (link will display the James McClatchy (1824–1883 was an American newspaper editor. The Sacramento Bee is a daily newspaper published in Sacramento California, in the United States. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Publishing is the process of production and dissemination of Literature or Information &ndash the activity of making information available for public view In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need A newspaper is a written Publication containing News, information and Advertising, usually printed on low-cost paper called Newsprint. In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 36 Billion (USD) (2007)
Employees9,300
WebsiteThe McClatchy Company

The McClatchy Company NYSE: MNI is an American publishing company based in Sacramento, California, that operates a number of newspapers and websites. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The United States of America —commonly referred to as the Publishing is the process of production and dissemination of Literature or Information &ndash the activity of making information available for public view A newspaper is a written Publication containing News, information and Advertising, usually printed on low-cost paper called Newsprint. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages

Contents

History

The company originated in The Sacramento Bee, which was first published on February 3, 1857, after the California Gold Rush. The Sacramento Bee is a daily newspaper published in Sacramento California, in the United States. Events 1112 - Ramon Berenguer III of Barcelona and Douce I of Provence marry uniting the fortunes of those two states Click here for Indian Rebellion of 1857 Year 1857 ( MDCCCLVII) was a Common year starting on Thursday (link will display the The California Gold Rush (1848&ndash1855 began on January 24 1848 when Gold was discovered by James Marshall at Sutter's Mill in Coloma, California James McClatchy took over as editor of the Bee within a week. James McClatchy (1824–1883 was an American newspaper editor. Editing Language, Images or Sound through correction condensation organization and other modifications in various media Having purchased Knight Ridder, the United States' second-largest newspaper company (see below) (Gannett Company is the largest), McClatchy operates 32 daily newspapers in 29 markets, with a total circulation of 3. For the unrelated television series see Knight Rider. For other articles see Knight Rider (disambiguation Knight Ridder Gannett Company Inc ( is a publicly-traded media Holding company based in the United States. 3 million. [1] In addition, McClatchy operates a number of community papers that are printed with less frequency. The Minneapolis-St. Paul Star Tribune, acquired in 1998 and sold again in 2007 to private-equity firm Avista Capital Partners for $530 million, had the highest circulation of all McClatchy newspapers. Saint Paul ( abbreviated St Paul) is the capital and second most populous city in the U The Star Tribune (also Star Trib or Strib, as it is often referred to is the largest Newspaper in the U

Most of the company's history has been in newspapers of the Golden State's Sacramento Valley and San Joaquin Valley. The Sacramento Valley is the portion of the California Central Valley that lies to the north of the San Joaquin-Sacramento Delta in the U The San Joaquin Valley (ˌsæn wɑːˈkiːn refers to the area of the Central Valley of California that lies south of the Sacramento-San Joaquin Delta It acquired its first out-of-state newspapers in 1979 and through acquisitions has grown into a nationwide company. In its first moves outside its home state, McClatchy bought the Anchorage Daily News in Anchorage, Alaska, and the Tri-City Herald in Kennewick, Washington. The Anchorage Daily News is a daily Newspaper based in Anchorage Alaska, in the United States. The Tri-City Herald is a daily Newspaper based in Kennewick, Washington, in the United States. Kennewick is a city in Benton County in the southeastern part of the U

In 1990, McClatchy acquired three dailies in South Carolina: The Herald in Rock Hill, The Island Packet in Hilton Head, and The Beaufort Gazette of Beaufort. South Carolina ( is a state in the southern region ( Deep South) of the United States of America. The Herald is a daily morning newspaper published in Rock Hill South Carolina, in the United States. Rock Hill is the largest city in York County South Carolina, and a Satellite city of Charlotte North Carolina The Island Packet is a daily morning broadsheet newspaper owned by The McClatchy Company serving primarily the residents of southern Beaufort County South Carolina Hilton Head Island or Hilton Head is a town (located on an island of the same name in Beaufort County, South Carolina, United States The Beaufort Gazette is a daily morning broadsheet newspaper owned by The McClatchy Company printed in Beaufort South Carolina, in the United States Beaufort is a city in Beaufort County, South Carolina, United States, situated on the Beaufort River

In 1995, it acquired The News & Observer of Raleigh, North Carolina. The News & Observer is the regional daily newspaper of the Research Triangle area of the U Raleigh (pronounced rah-lee) is the Capital of the State of North Carolina and the county seat of Wake County, USA

In 1998, it bought the Star Tribune of Minneapolis. The Star Tribune (also Star Trib or Strib, as it is often referred to is the largest Newspaper in the U

In January 2004, McClatchy bought the Merced Sun-Star of Merced, and five affiliated non-dailies in California's San Joaquin Valley. The Merced Sun-Star is a daily Broadsheet Newspaper printed in Merced California, in the United States. Merced, is the County seat of Merced County California in the San Joaquin Valley of Central California. The San Joaquin Valley (ˌsæn wɑːˈkiːn refers to the area of the Central Valley of California that lies south of the Sacramento-San Joaquin Delta

Knight Ridder Purchase

McClatchy purchased Knight Ridder, formerly the United States' second-largest chain of daily newspapers, on June 27, 2006. The purchase price of $40 per share and 0. 5118 shares of McClatchy Class A stock is valued at about $4 billion in cash and stock and assumption of $2 billion in debt. This purchase added 20 papers to be retained with immediate sale of 12 publications, including the San Jose Mercury News and The Philadelphia Inquirer. The San Jose Mercury News is the major daily Newspaper in San Jose California and Silicon Valley. The Philadelphia Inquirer is a morning daily Newspaper that serves the Philadelphia, Pennsylvania, metropolitan area of the United Those sales were completed on Aug. 2, 2006. Editor and Publisher reported in October 2006 that McClatchy revenue ending August 2006 was down over one percent from August 2005. Since the announced purchase of Knight Ridder in March of 2006, the stock of McClatchy (MNI) has declined significantly. [2]

Company Infrastructure

As of 2004, the company has about 9,300 employees. The company has two classes of stock, allowing the founding McClatchy family to retain control. In the Knight Ridder purchase, for example, McClatchy shareholders didn't need to act at all in approving the purchase because the family had already voted their shares in favor. McClatchy has an Internet subsidiary, McClatchy Interactive (formerly known as Nando Media), which provides business support and material for Internet media nationwide (part of the News & Observer purchase). The Internet is a global system of interconnected Computer networks In the early 1990s NandO or Nandonet was one of the first Internet newspaper sites and a pioneering model for later news websites Other operations include Newsprint Ventures Inc. , a consortium that operates the Ponderay newsprint mill near Spokane, Washington.

Dailies

Dailies acquired in Knight Ridder purchase and sold

References

  1. ^ Newspaper Chain Agrees to a Sale for $4.5 Billion - New York Times
  2. ^ MNI: Basic Chart for MCCLATCHY CO HLD - Yahoo! Finance

External links

Michael Massing is a contributing editor of the Columbia Journalism Review. The New York Review of Books (or NYREV or NYRB) is a semimonthly Magazine on Literature, Culture, and current
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