McClatchy Announces Buyer's Exercise of Option to Extend Closing Date Of Sale of...

McClatchy Announces Buyer's Exercise of Option to Extend Closing Date Of Sale
of Miami Land

SACRAMENTO, Calif., June 30 /PRNewswire-FirstCall/ -- The McClatchy Company
(NYSE: MNI) announced today that Citisquare Group, LLC, the buyer of the 10
acres of land adjacent to The Miami Herald, has exercised its option to extend
the date for closing from June 30, 2009, to a date on or before December 31,
2009, pursuant to the terms of the existing purchase agreement.

About McClatchy
The McClatchy Company is the third largest newspaper company in the United
States, with 30 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 extend its audience reach. The websites
offer users comprehensive news and information, advertising, e-commerce and
other services. Together with its newspapers and direct marketing products,
these interactive operations make McClatchy the leading local media company in
each of its premium high growth markets. McClatchy-owned newspapers include
The MiamiHerald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas
City Star, the Charlotte Observer, and The (Raleigh) News & Observer.

McClatchy also owns a portfolio of premium digital assets, including 14.4% of
CareerBuilder, the nation's largest online job site, 25.6% of Classified
Ventures, a newspaper industry partnership that offers two of the nation's
premier classified websites: the auto website, cars.com, and the rental site,
apartments.com and 33.3% of HomeFinder, LLC which operates the real estate
website HomeFinder.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, anticipated savings from cost reduction efforts,
future dividend payments, cash flows, debt levels, as well as future
opportunities for the company 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: the duration and depth of the economic recession may reduce its
income and cash flow greater than expected; McClatchy may not generate cash
from operations, or otherwise, necessary to reduce debt as expected; McClatchy
may not consummate contemplated transactions (including, but not limited to,
the sale of the 10-acre parcel adjacent to The Miami Herald) to enable debt
reduction on anticipated terms or at all; McClatchy may not achieve its
expense reduction targets or may do harm to its operations in attempting to
achieve such targets; McClatchy's operations have been, and will likely
continue to be, adversely affected by competition, including competition from
internet publishing and advertising platforms; McClatchy's expense and income
levels could be adversely affected by changes in the cost of newsprint and
McClatchy's operations could be negatively affected by any deterioration in
its labor relations, bankruptcies or financial strain of its major advertising
customers; McClatchy's ability to achieve and maintain compliance with NYSE
listing standards, including the NYSE share price standard and compliance with
its market capitalization and stockholders' equity standards; commencement by
the NYSE of suspension and delisting procedures if McClatchy fails to
implement successfully a plan to correct non-compliance with the NYSE listing
standards; 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 28, 2008, 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.

SOURCE The McClatchy Company

Elaine Lintecum of The McClatchy Company, +1-916-321-1846,
elintecum@mcclatchy.com