July 23, 2017 6:18 AM ET

Media

Company Overview of The McClatchy Company

Company Overview

The McClatchy Company publishes news and information in the United States. Its publications include the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, the (Fort Worth) Star-Telegram, and The (Durham, NC) Herald-Sun. The company’s businesses comprise daily newspapers, Websites, mobile apps, mobile news and advertising, video products, niche publications, direct marketing, direct mail services, and nearby community newspapers. The McClatchy Company was founded in 1860 and is headquartered in Sacramento, California.

2100 Q Street

Sacramento, CA 95816

United States

Founded in 1860

4,600 Employees

Phone:

916-321-1844

Key Executives for The McClatchy Company

Chief Financial Officer, Vice President of Finance and Treasurer
Age: 61
Total Annual Compensation: $475.0K
Vice President of Operations
Age: 56
Total Annual Compensation: $675.0K
Vice President of Human Resources, General Counsel and Corporate Secretary
Age: 46
Total Annual Compensation: $440.0K
Vice President of Strategic Initiatives
Age: 54
Total Annual Compensation: $465.0K
Consultant
Age: 66
Total Annual Compensation: $325.4K
Compensation as of Fiscal Year 2016.

The McClatchy Company Key Developments

The McClatchy Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended of June 25, 2017; Provides Earnings Guidance for the Second Half of 2017

The McClatchy Company reported unaudited consolidated earnings results for the second quarter and six months ended of June 25, 2017. For the quarter, the company reported net revenues of $225,120,000 compared to $242,234,000 a year ago. Operating income was $12,110,000 compared to $1,001,000 a year ago. Loss before income taxes was $58,526,000 compared to $19,465,000 a year ago. Net loss was $37,446,000 compared to $14,734,000 a year ago. Basic and diluted net loss per share was $4.91 compared to $1.89 a year ago. LBITDA was $18,610,000 compared to EBITDA of $26,188,000 a year ago. Adjusted EBITDA was $35,479,000 compared to $43,348,000 a year ago. Adjusted net loss was $6,072,000 compared to $1,485,000 a year ago. For the six months, the company reported net revenues of $446,332,000 compared to $480,213,000 a year ago. Operating income was $7,591,000 compared to operating loss of $1,352,000 a year ago. Loss before income taxes was $209,550,000 compared to $42,321,000 a year ago. Net loss was $133,021,000 compared to $27,475,000 a year ago. Basic and diluted net loss per share was $17.49 compared to $3.48 a year ago. LBITDA was $129,376,000 compared to EBITDA of $48,141,000 a year ago. Adjusted EBITDA was $58,587,000 compared to $74,191,000 a year ago. Adjusted net loss was $20,559,000 compared to $9,373,000 a year ago. For the second half of 2017, the company expects to grow digital-only advertising revenue at a double-digit rate for all of 2017, improving on the trend seen in the first half of 2017. The company expects to obtain the digital growth through organic investments in digital solutions like excelerate, as well as other digital products and partnerships. The Management expects improving performance in adjusted EBITDA compared to the level of decline in the first half of 2017.

McClatchy Names Kelly Mirt as Publisher and Vice President of Advertising for The Wichita Eagle

McClatchy named Kelly Mirt as publisher and vice president of advertising for The Wichita Eagle. He will assume his new role on July 31. Mirt replaces Roy Heatherly, retired in May. Mirt previously served as the vice president of advertising for The Charlotte Observer, also owned by McClatchy.

McClatchy Appoints Anjali Joshi to its Board of Directors, Effective July 31, 2017

McClatchy announced the appointment of Anjali Joshi to its board of directors, effective July 31, 2017. Joshi is an accomplished technology executive and electrical engineer who has held important leadership roles in several high-growth companies. Joshi is currently an eleven year veteran at Google Inc. where she serves as Vice President for Product Management. During her tenure at Google she has played important roles in such areas as Search and News. Prior to joining Google, Joshi served as Executive Vice President of Engineering for Covad Communications Inc. Joshi also spent several years at AT&T Bell Labs working in the areas of voice and high speed data.

Similar Private Companies By Industry

Company Name Region
"It" Girl Public Relations United States
+SmithGifford, Inc. United States
.TV Technologies, Inc. United States
@International Services, Inc. United States
1 Chronicles 14, L.P. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 31, 2017
Watchup, Inc.
Merger/Acquisition
December 21, 2016
The Durham Herald Company
Private Placement
November 14, 2016
Pie
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact The McClatchy Company, please visit www.mcclatchy.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.