September 18, 2014 11:43 AM ET

Media

Company Overview of The McClatchy Company

Company Overview

The McClatchy Company publishes newspapers and related digital and direct marketing products in the United States. The company’s primary newspapers include Fort Worth Star-Telegram, The Sacramento Bee, The Kansas City Star, The Miami Herald, The Charlotte Observer, and The Raleigh News & Observer. It operates 30 daily newspapers, community newspapers, Websites, mobile news and advertising, niche publications, direct marketing, and direct mail services. The company also owns a portfolio of digital assets, including 15.0% of CareerBuilder, LLC, which operates an online job Website, CareerBuilder.com; 25.6% of Classified Ventures, LLC that offers classified Websites, such as the auto Website Ca...

2100 Q Street

Sacramento, CA 95816

United States

Founded in 1860

6,630 Employees

Phone:

916-321-1844

Key Executives for The McClatchy Company

Chief Executive Officer
Age: 49
Total Annual Compensation: $822.1K
Chief Financial Officer
Age: 58
Total Annual Compensation: $413.5K
Vice President of Operations
Age: 53
Total Annual Compensation: $560.6K
Vice President of Corporate Development
Age: 51
Total Annual Compensation: $509.6K
Vice President of Operations - Midwest and Northwest
Age: 63
Total Annual Compensation: $584.6K
Compensation as of Fiscal Year 2013.

The McClatchy Company Key Developments

The McClatchy Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

The McClatchy Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported second quarter 2014 income from continuing operations of $91.6 million, or $1.03 per diluted share compared to income from continuing operations in the 2013 second quarter of $11.0 million, or $0.13 per diluted share. McClatchy's adjusted income from continuing operations was $2.8 million against $10.3 million a year ago. Income from continuing operations, adjusted for similar items, was $10.3 million in the second quarter of 2013. Net income in the second quarter of 2014, including the impact of discontinued operations, was $89.9 million, or $1.02 per diluted share, compared to $11.8 million, or $0.14 per diluted share, in the second quarter of 2013. Total revenues in the second quarter of 2014 were $292.0 million, down 3.2% from $301.608 million compared to the second quarter of 2013. Operating cash flow was $55.3 million in the second quarter of 2014, down 17.9% compared to the second quarter last year. Operating income was $27,307,000 against $30,157,000 a year ago. Income from continuing operations before taxes was $147,263,000 against $18,328,000 a year ago. Total revenues for the first six months of 2014 were $572.6 million, down 3.0% from $590.245 million reported in the first six months of 2013. Income from continuing operations for the first six months of 2014 was $75.6 million, or $0.85 per diluted share, compared to a loss from continuing operations in first six months of 2013 of $2.2 million, or $0.02 per diluted share. Net income for the first six months of 2014, including the impact of discontinued operations, was $74.1 million, or $0.84 per diluted share, compared to a loss of $1.0 million, or $0.01 per diluted share, for the first six months of 2013. The company recorded a loss from continuing operations for the first six months of 2014, excluding the net impact of certain items discussed below, of $3.4 million against income of $9,149,000 a year ago. Income from continuing operations for the first six months of 2013, when adjusted for similar items, was $9.1 million. Operating cash flow from continuing operations was $93.8 million for the first six months of 2014, down 21.6% compared to the first six months of 2013. Operating income was $22,609,000 against $49,974,000 a year ago. Income from continuing operations before taxes was $118,777,000 against loss of $919,000 a year ago.

The McClatchy Company to Report Q2, 2014 Results on Jul 24, 2014

The McClatchy Company announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 24, 2014

The McClatchy Company, Q2 2014 Earnings Call, Jul 24, 2014

The McClatchy Company, Q2 2014 Earnings Call, Jul 24, 2014

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Private Placement
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Merger/Acquisition
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Private Placement
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