The McClatchy Company (NYSE: MNI) was founded on February 3, 1857 and is headquartered in Sacramento, California, with 3,900 full-time employees. It is a company engaged in newspaper publishing, digital website operations, and product direct sales in the United States. s company.
The McClatchy Company (MNI):
McClatchy Newspapers is engaged in newspaper publishing, related digital websites, product direct marketing and other businesses in the United States. The company operates 29 daily newspapers, community newspapers, websites, mobile newspapers and advertisements, NICHE-type publications, direct marketing, Advertising DM and other services.
The main newspapers of The McClatchy Company include: The Sacramento Bee, Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer, The Miami Herald, The Raleigh News & Observer, etc.
The reinvested assets of McClatchy Newspapers include :
- CareerBuilder, LLC, with 16% equity, mainly operates online job search website CareerBuilder.com;
- Classified Ventures, LLC, 25.6% equity, operations include: Cars.com and Apartments.com;
- HomeFinder, LLC, with 33.3% equity, mainly operates online real estate website HomeFinder.com;
- The Seattle Times Company, 49.5% voting rights and 70.6% non-voting stocks.
The McClatchy Company (MNI) history:
- On February 3, 1857, the first edition of The Sacramento Bee was published. James McClatchy was the editor;
- For a long time to come, the company focused on the Sacramento Valley and San Joaquin Valley businesses in California;
- In 1963, The McClatchy Company acquired KOVR under Metromedia;
- In 1978, Modesto Bee under The McClatchy Company was sold to The Outlet Company and is now a branch of CBS ;
- In 1979, McClatchy was out of California for the first time through the acquisition of Anchorage Daily News in Alaska and Tri-City Herald in Wisconsin;
- In 1990, McClatchy acquired The Herald, The Island Packet and The Beaufort Gazette in Southern California;
- In 1995, The McClatchy Company acquired The News & Observer in North Carolina;
- In 1998, McClatchy Newspapers acquired Star Tribune, Minnesota;
- In January 2004, The McClatchy Company acquired California Merced Sun-Star;
- On June 27, 2006, McClatchy Newspapers Company made the largest acquisition in its history-the acquisition of Knight Ridder for USD 4 billion. The transaction was completed on August 2 of the same year;
- In 2007, The McClatchy Company sold Star Tribune acquired in 1998 to Avista Capital Partners, a private equity firm, for US$555 million;
- In July 2008, McClatchy Newspapers sold its digital advertising network (Real Cities) to Chicago Centro.