McClatchy Receives More Than $38 Million In Distributions From Equity Investments In 2012

    McClatchy Receives More Than $38 Million In Distributions From Equity
                             Investments In 2012

PR Newswire

SACRAMENTO, Calif., Dec. 20, 2012

SACRAMENTO, Calif., Dec. 20, 2012 /PRNewswire/ -- The McClatchy Company
(NYSE-MNI) said today that it has received nearly $34 million in distributions
from its equity investments this month and $38.6 million thus far in 2012.

McClatchy noted that on Tuesday, Dec. 18, 2012, it received $18.9 million in a
cash distribution from Classified Ventures, LLC. Classified Ventures is a
growing internet company that owns two of the nation's premier classified
websites, the auto website Cars.com and the rental site Apartments.com.
McClatchy owns a 25.6% interest in Classified Ventures.

Earlier today, CareerBuilder, LLC made a distribution of $15.0 million to
McClatchy. CareerBuilder operates the country's leading jobs site, and
McClatchy owns 15.0% of the company.

Other equity investments distributed smaller amounts to McClatchy earlier in
2012, and when added to these distributions, McClatchy received distributions
totaling $38.6 million for all of 2012.

McClatchy noted that in 2011 it received a $17.4 million distribution from
Classified Ventures and a $7.5 million distribution from CareerBuilder.
Coupled with other dividends from equity investments, McClatchy received
distributions totaling $31.6 million in 2011.

About McClatchy:

The McClatchy Company is a leading media company, offering a wide array of
print and digital news products in each of the markets it serves. As the
third largest newspaper company in the United States, McClatchy's operations
include 30 daily newspapers, community newspapers, websites, mobile news and
advertising, niche publications, direct marketing, direct mail services and
digital marketing solutions. The company's largest newspapers include The
Miami Herald, The Sacramento Bee, Fort Worth Star-Telegram, The Kansas City
Star, The Charlotte Observer and The News & Observer in Raleigh, N.C.
McClatchy is listed on the New York Stock Exchange under the symbol MNI.

Additional Information:

This press release contains forward-looking statements, as defined under the
federal securities laws. These forward-looking statements include statements
regarding the Company's expectation regarding completion (subject to the
conditions in the tender offer) of its Offer for the Notes. These
forward-looking statements are not guarantees and are subject to risks,
uncertainties and assumptions that could cause the timing of the Offer to
Purchase and other tender documents, as well as completion of the Offer, to
differ materially and adversely from the timing expressed in the
forward-looking statements in this press release. Factors that could cause
actual results to differ materially include risks and uncertainties, including
but not limited to risks associated with the preparation of such tender offer
documents and the failure to meet one or more specified conditions set forth
in the Offer to Purchase for the Offer. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as to the
Company's expectations as of the date hereof. The Company undertakes no
obligation to update these forward-looking statements as a result of events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.

SOURCE The McClatchy Company

Website: http://www.mcclatchy.com
Contact: Karole Morgan-Prager, +1-916-321-1828, kmorgan-prager@mcclatchy.com
 
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