Company Profile For The McClatchy Company

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.

BRIEF: For the nine months ended 27 September 2009, The McClatchy Company's revenues decreased 25% to $1.08B. Net income from continuing operations increased 20% to $27.9M. Revenues reflect decreased sales from advertising, lower revenues from circulation and a decrease in income from other segments. Net income was offset by lower interest expense, significant increase in gain on extinguishments of debt and lower income tax provision.