The McClatchy Company publishes newspapers, and related digital and direct marketing products in the United States. The company’s newspapers range from large dailies serving metropolitan areas to non-daily newspapers serving small communities. The company’s publications include the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. It operates media companies in 28 markets in 14 states of the United States, providing each of these communities with news and advertising services in an array of digital and print formats. As of December 28, 2014, the company had an average aggregate paid daily circulation of 1.7 million and Sunday circulation of 2.6 million. The company’s local Websites and newspaper apps in each of its markets complement its newspapers and are an integral platform to extend its journalism and advertising products to its audience in each market. The company’s business is operated across six operating regions: California, Florida, Texas, Southeast, Midwest and Northwest. Other Operations In addition to the media companies, the company also owns 15.0% of CareerBuilder, LLC, which operates an online job Website, CareerBuilder.com; 33.3% of HomeFinder, LLC, which operates the online real estate Web site HomeFinder.com; and certain other digital company investments. 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 that owns and operates a newsprint mill in the state of Washington. Suppliers The company obtains a majority of its supply of newsprint from Ponderay and SP Fiber Technologies. Strategy The company is committed to a three-pronged strategy to grow its businesses and total revenues as a local media company: to operate high-quality newspapers in growth markets; to operate the local digital business in each of its daily newspaper markets, including Websites, mobile apps, e-mail products, mobile services and other electronic media; and third, to extend these franchises by supplementing the mass reach of the newspaper and digital businesses with direct marketing and direct mail products so that advertisers can capture both mass and targeted audiences with one-stop shopping. Significant Events In 2014, the company sold its ownership interest in Classified Ventures, LLC, which operated the classified Web site Cars.com. 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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|Price/Cash Flow||NM||Not Meaningful|
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