McClatchy Company, commonly referred to as simply McClatchy, is an American publishing company incorporated under Delaware's General Corporation Law and based in Sacramento, California.
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12 Facts About McClatchy
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In 1978, the 4th generation Charles K McClatchy took over the company and guided the media company toward the modern publicly owned The McClatchy Company through further acquisitions of out-of-state newspapers, Anchorage Daily News in Anchorage, Alaska, and the Tri-City Herald in Kennewick, Washington.
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In 1990, McClatchy acquired three dailies in South Carolina: The Herald in Rock Hill, The Island Packet in Hilton Head, and The Beaufort Gazette of Beaufort.
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In January 2004, McClatchy bought the Merced Sun-Star of Merced, and five affiliated non-dailies in California's San Joaquin Valley.
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Additionally, McClatchy did not keep on any of Knight Ridder's digital division or corporate staff, despite the growing prominence of the Internet and Knight Ridder having a well-respected effort in the space at the time.
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McClatchy cited pension obligations and excessive debt as the primary reasons for the filing.
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McClatchy has two classes of stock, allowing the founding McClatchy family to retain control.
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In 2016, McClatchy approved a 1 for 10 reverse stock split that boosted the price of its shares to over $11.
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McClatchy has an Internet subsidiary, McClatchy Interactive, which provides business support and material for Internet media.
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McClatchy inherited a partnership with the Tribune Company in the news service Knight Ridder-Tribune Information Services, now McClatchy-Tribune Information Services, when it acquired Knight Ridder.
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McClatchy journalists have won nine Pulitzer prizes in their 159-year history, most recently in 2017 for an article on the Panama Papers.
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Government analysts and officials interviewed by the Times said the impact of this disclosure caused more immediate damage to American counter-terrorism efforts than the thousands of classified documents disclosed by Edward Snowden; after the McClatchy publication, there was a sharp drop in the terrorists' use of a major communications channel that the authorities were monitoring.
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