Full Description

The McClatchy Company (McClatchy) is a hybrid print and online, news and advertising company. The Company’s newspapers range from the dailies serving metropolitan areas to non-daily newspapers serving small communities. On March 5, 2007, the Company sold the (Minneapolis) Star Tribune newspaper and other publications and Websites related to the newspaper. McClatchy-owned newspapers include, among others, 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 digital assets. In addition to its local websites, which offer users information, news, advertising, e-commerce and other services, McClatchy owns 14.4% of CareerBuilder, LLC (Career Builder), the online job site and 25.6% of Classified Ventures, LLC (Classified Ventures), a newspaper industry partnership that offers two websites: the auto Website, cars.com, and the rental site, apartments.com.

During the fiscal year ended December 28, 2008 (fiscal 2008), the Company owned a 15% interest in TKG Internet Holdings, which owns 75% of Topix.net (Topix), a general interest Website focused on local communities, for an ownership of 11.3%. McClatchy Tribune Information Service (MCT), a joint venture of McClatchy and Tribune Company (Tribune), offers stories, graphics, illustrations, photos and paginated pages for print publishers and Web-ready content for online publishers. All the Company’s newspapers, Washington D.C. staff and foreign bureaus produce MCT editorial material. Content is also supplied by Tribune properties and a number of other newspapers.

The Company owns 49.5% of the voting stock and 70.6% of the nonvoting stock of The Seattle Times Company. The Seattle Times Company owns The Seattle Times newspaper, and weekly newspapers in Puget Sound and daily newspapers located in Walla Walla and Yakima, Washington and in Portland, Maine. In addition, the Company owns a 27% interest in Ponderay Newsprint Company (Ponderay), a general partnership, which owns and operates a newsprint mill in the State of Washington. The Company and affiliates of Cox Enterprises, Inc. and Media General Inc. each owned a 33.3% interest in SP Newsprint Co. (SP), a newsprint manufacturing company in North America that was sold in fiscal 2008.