The McClatchy Company operates as a local media company in the United States. The company provides print and digital news and advertising services. The company’s operations include 30 daily newspapers, community newspapers, Websites, mobile news and advertising, publications, direct marketing and direct mail services. Its newspapers range from large dailies serving metropolitan areas to non-daily newspapers serving small communities. As of December 29, 2013, the company had an average paid daily circulation of 1.9 million and Sunday circulation of 2.7 million. The company also operates local Websites in each of its markets that complement its newspapers and extend its audience reach. Its owned newspapers include, among others, the (Fort Worth) Star-Telegram, The Sacramento Bee, The Kansas City Star, the Miami Herald, The Charlotte Observer, and The (Raleigh) News & Observer. The company’s newspapers are located in 29 growth markets across the United States. The company’s business is operated across six operating regions: California, Florida, Texas, Southeast, Midwest and Northwest. The company also owns a portfolio of premium digital assets, including 15.0% of CareerBuilder, LLC, which operates an online job Website, CareerBuilder.com; 25.6% of Classified Ventures, LLC, a company that offers classified Websites such as the auto Web site Cars.com and the rental Web site Apartments.com; 33.3% of HomeFinder, LLC, which operates the online real estate Website HomeFinder.com; and 12.2% of Wanderful Media, owner of Find n Save, a digital shopping portal that provides advertisers with a common platform to reach online audiences with digital circulars, coupons and display advertising. The company and the Tribune Company have a joint venture in the McClatchy-Tribune Information Service (MCT), which offers stories, graphics, illustrations, photos and paginated pages for print publishers and Web-ready content for online publishers. All its newspapers, Washington, D.C. staff and foreign bureaus produce MCT editorial material. Content is also supplied by Tribune Company newspapers and other member 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, weekly newspapers in the Puget Sound area and daily newspapers located in Walla Walla and Yakima, Washington, and all of their related Websites and mobile applications. In addition, the company owns a 27.0% interest in Ponderay Newsprint Company (Ponderay), a general partnership, which owns and operates a newsprint mill in the state of Washington. Strategy The company’s strategy includes the following: operating high-quality newspapers in growth markets; operating the local digital business in each of its daily newspaper markets, including Websites, e-mail products, mobile services and other electronic media; and extending these franchises by supplementing the mass reach of the newspaper with direct marketing and direct mail products so that advertisers can capture both mass and targeted audiences with one-stop shopping. Seasonality The company’s newspaper business is seasonal, with peak revenues and profits occurring in the second and fourth quarters of each year, reflecting the spring holidays and the Thanksgiving and Christmas holidays, respectively. The first and third quarters, when holidays are not prevalent, are the slowest quarters for revenues and profits. History The McClatchy Company was founded in 1860.
mcclatchy co-class a
(MCAA:Stuttgart Stock Exchange)
2100 Q Street
Sacramento, CA 95816
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