Key Developments: McClatchy Co (MNI)
22 May 2013
Latest Key Developments (Source: Significant Developments)
Gannett Co Inc's, Tribune Company's and The McClatchy Company's CareerBuilder Acquires Economic Modeling Specialists Intl.
CareerBuilder announced it has acquired Economic Modeling Specialists Intl. (EMSI), an economic software firm that specializes in employment data and labor market analysis. CareerBuilder is owned by Gannett Co Inc, Tribune Company and The McClatchy Company. The terms of the acquisition were not disclosed. Full Article
The McClatchy Company announced that it has named Elaine Lintecum as vice president, finance and chief financial officer (CFO), effective immediately. Lintecum, 56, has served as McClatchy's treasurer since 2002 and spent the last 24 years in McClatchy's corporate finance department holding a variety of key positions, including financial analyst, investor relations manager and assistant treasurer. She was McClatchy's financial reporting specialist for U.S. Securities and Exchange Commission filings. Lintecum will retain the duties of treasurer in her new position. Lintecum replaces Patrick J. Talamantes, who becomes McClatchy's president and chief executive. Full Article
The McClatchy Company announced that Gary B. Pruitt, Chairman, President and Chief Executive of McClatchy, will leave the Company May 16, 2012. McClatchy's Board of Directors has named Patrick J. Talamantes, McClatchy's current vice president, finance and Chief Financial Officer, as Pruitt's successor. Talamantes will assume the title of President and Chief Executive Officer and join the Company's Board of Directors. Kevin S. McClatchy, a director of McClatchy since 1998 and a fifth-generation member of the founding McClatchy family, will become Chairman of the Board. Full Article
Dec 4 - Standard & Poor's Ratings Services said today that its ratings on Sacramento, Calif.-based The McClatchy Co. (B-/Stable/--) remain unchanged following a modification of the size of its debt issue. The 'B' issue-level rating and '2' recovery rating on the company's 9% first-lien senior secured notes due 2022 remain unchanged following the increase to $910 million from $750 million. The company will now use issue proceeds to fund the tender of all of its $846 million 11.5% senior secured