BNET Industries
McClatchy Co. (MNI) is in the Media Industry
- Revenue
- Dec 30 2007
- $2.2B
- Profit
- Dec 30 2007
- ($2.7B)
- Market Cap
- Oct 14 2008
- $230.6M
Latest News and Analysis
Newspapers Cope With Ad Slowdown: Hold Back On Inventory And Ad Nets
The NYT weighs in on newspapers' struggles amid the online ad slowdown and surveys a number of different strategies being employed. McClatchy, for one, says they are decidedly reducing the number of online ad units in invetory. "It is a case where yeah, you could probably sell another advertiser...
Star-Tribune Skips Debt Payment; S&P May Downgrade Gannett
This is a rough time if for any company that's debt dependent, and few industries are in more desperate need of restructuring there than ailing newspapers. Just last week, McClatchy (NYSE: MNI) gave itself some breathing room, restructuring its debt at the cost of higher interest rates. Today the...
McClatchy Loan Deal Wins It Flexibility?With Costs
The McClatchy Company (NYSE: MNI), like just about every other newspaper publisher, has found itself even more squeezed by the current economic convulsions. On Friday, the Sacramento company announced it has renegotiated $1.175 billion of debt, which includes banks loans and available lines of credit. While the company insisted...
Ailing Newspapers: NY Sun Still Needs Cash; McClatchy CEO: 'Too Early To Judge Knight-Ridder Buy'
A couple dispatches from the world of badly ailing newspaper publishers?-- The New York Sun, the highbrow conservative daily in New York, needs cash now in order to survive. Just a couple of weeks ago, the company published a letter, saying that without fresh capital it would have to...
McClatchy Eliminates Another 1,150 Jobs Or 10 Percent Of Workforce; Sees $100 Million Cost Savings
McClatchy (NYSE: MNI), whose shares have fallen from around $21 to about $3 in the last year, has announced its second big job elimination of the year: The newspaper publisher is cutting 1,150 jobs, or about 10 percent of its workforce. About half will come from "voluntary programs...
Nine Notes on Media Business
Ken Doctor submits: As I train down to D.C. for the Online News Association conference (moderating a panel hopefully titled, Optimize and Monetize - if you're there, say hello), the dizzying news industry news of the last week raises more questions than answers. Here's my top nine of the...
Top 4 Newspaper Stocks
Sramana Mitra submits: To go along with my post on the top eight media companies, here is a brief analysis of what I see as the top four newspaper stocks. As online news gains ground, it is interesting to see how these giants are struggling in adapting their business models to new trends and...
Can Newspapers Learn Anything from Casinos?
Robert Salomon submits: Apparently more than just the lines in the sports book, …at least so says the CEO of MGM Mirage see Casino CEO Encourages Newspapers to Change. According to Terry Lanni, the CEO of MGM Mirage Casinos MGM, newspapers stand to learn a fair amount about change...
Newspaper Ad Revenues Gaining Downhill Momentum; Online Struggling Too
Erick Schonfeld submits: Can it get any worse for the newspaper industry? The steep decline in print advertising just keeps getting steeper and, for the first time, even online ad sales have gone down. by Erick Schonfeld
Local Web Media Offer Significant Advertising Advantage
Marketing Charts submits: Consumers trust advertising on local newspaper, magazine and television websites, and are very likely to take action after viewing ads on these sites, according to the “Local Online Media: From Advertising to Action ” study by the Online Publishers Association [OPA]. The new...
Newspaper Stocks: New York Times Company, Gannett and McClatchy
Sramana Mitra submits: U.S. newspaper stocks have been facing the brunt of worsening economic conditions and the attack from digital media. The main sources of their revenues - vertical classifieds - have steadily been moving online. Their response should be to invest in and acquire online verticals, which has...
How Newsrooms Throw Away Value by Not Linking to Web Sources
A lot of research can go into a piece of reporting, and in print the value of that research can only be passed on through brief quotes or references. But on the web, no longer limited by finite column inches, newsrooms can create huge value for readers by providing links...
The McClatchy Company Q2 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Peter Appert - Goldman Sachs. Peter Appert - Goldman Sachs A question for Gary or Pat, I guess, but in terms of the loan covenants, can you just remind us what the major things are we should...
McClatchy Update: "I Can't Say We Have Bottomed Yet"
The extent of the job losses at various papers owned by McClatchy Co. around the country is becoming clearer the day after the company announced an across-the-board workforce reduction of 10 percent. The Sacramento Bee is eliminating 86 jobs, or 8.1 percent of its staff. This figure...
The McClatchy Company Q1 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from John Janedis. John Janedis - Wachovia Thank you. Gary, I like the tender and I’m wondering if on a going forward basis, you would consider a reduction in the dividend to fund another one, or would it delever,...
The McClatchy Company Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question will come from the line of Alexia Quadrani - Bear Stearns. Alexia Quadrani - Bear Stearns The weakness you commented on in January the first quarter, is it predominant again in the worst hit markets, California and Florida,...
Old Media News: From Bad to Worse
It's official: McClatchy's acquisition of Knight-Ridder was a disaster. Until about 20 months ago, the name Knight-Ridder represented one of the most respected brands in the history of American journalism. It owned and operated the second largest newspaper chain in the U.S. after Gannett and was widely...
The McClatchy Company Q3 2007 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of John Janedis. John Janedis - Wachovia Good morning. Thank you. Gary or Chris, first, you commented on up-sells for online. Is there some reason why that’s slowing? Is it penetration related or something else? Gary...
The McClatchy Company Q2 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from the line of John Janedis with Wachovia. John Janedis - Wachovia Thank you. Gary, you touched on this a bit but can you give us a sense of the percentage of revenues in Florida and California...
The McClatchy Company Q1 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Your first question comes from Steven Barlow - Prudential Equity Group. Steven Barlow - Prudential Gary, you talked about the Internet side of things with the revenue up. Could you give us an apples to apples including the online employment for...
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- (10 results)
- Media (10 results)
- New York Times Co. (7 results)
- Sacramento Bee (6 results)
- Gannett (6 results)
- McClatchy (5 results)
- Companies (5 results)
- Knight-Ridder Inc. (4 results)
- Newspapers (4 results)
- News Corp. (4 results)
- Money (3 results)
- Lee Enterprises Inc. (3 results)
- Washington Post Co. (3 results)
- Incorporated: 1930
- CEO: Mr. Gary B. Pruitt
McClatchy is engaged in the publication of newspapers and related websites. As at Dec 31 2007, Co. owned 30 daily newspapers, approximately 50 non-dailies and direct marketing and direct mail operations in 29 markets across the U.S. Co.-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. Co. also operates local websites in each of its markets which complement its newspapers and extend its audience reach in each market. Its local websites offer users information, news, advertising, e-commerce and other services.
Key Competitors
McClatchy Co. Company Info
Board of Directors
Mr. Gary B. Pruitt
Chairman
Ms. Joan F. Lane
Mr. Brown McClatchy Maloney
Mr. Kevin S. McClatchy
Mr. William B. McClatchy
Dr. Theodore Reed Mitchell
Ms. Elizabeth Ballantine
Ms. Kathleen Foley Feldstein
Mr. S. Donley Ritchey Jr.
Mr. Frederick R. Ruiz
Mr. Leroy T. Barnes Jr.
Mr. William K. Coblentz
Ms. Molly Maloney Evangelisti
Mr. R. Larry Jinks
Contact Information
2100 Q Street
Sacramento, CA
916 321-1846
NAICS Code
Newspaper Publishers: 511110
