| Business Summary | | The
McClatchy
Company
distributes
newspapers
in
the
California,
Carolina
and
Northwest
regions.
These
newspapers
range
from
large
dailies
serving
metropolitan
areas
to
non-daily
newspapers
serving
small
communities.
For
the
year
ended
December
31,
1999,
the
Company
had
an
average
paid
daily
circulation
of
1,375,179,
Sunday
circulation
of
1,859,196
and
non-daily
circulation
of
65,391.
The
Company
was
created
as
a
result
of
the
merger
between
McClatchy
Newspapers,
Inc.
and
Cowles
Media
Company.
On
March
19,
1998,
the
Company
acquired
all
of
the
outstanding
shares
of
Cowles
and
its
most
significant
business,
the
Star
Tribune
newspaper.
The
Star
Tribune
contributed
36.4%
of
1999
revenues,
and
its
daily
average
paid
circulation
in
1999
increased
0.6%
to
371,907
over
1998
average
of
369,736,
while
Sunday
average
paid
circulation
was
up
0.2%
to
673,438
in
1999
from
672,332
in
1998.
As
of
December
31,
1999,
approximately
76%
of
the
daily
and
75%
of
Sunday
circulation
was
home-delivered. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
McClatchy
Company
and
its
subsidiaries
are
engaged
primarily
in
the
publication
of
24
newspapers
located
in
Minnesota,
Alaska,
California,
Washington,
and
the
Carolinas.
For
the
six
months
ended
7/1/01,
total
revenues
decreased
2%
to
$539.5
million.
Net
income
decreased
44%
to
$22.9
million.
Revenues
reflect
a
decrease
in
advertising
rates
and
circulation
volumes.
Net
income
also
reflects
the
inclusion
of
a
$10.6
million
loss
on
internet
investments. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Gary Pruitt, 43 Chairman,
Pres, CEO | $1.3M | -- | Patrick Talamantes, 36 CFO,
VP-Fin., Treasurer | -- | -- | Robert Weil, 49 VP-
Operations | 530K | $71K | Frank Whittaker, 50 VP
of Operations | 530K | 219K | Karole Morgan-Prager, 37 VP,
Gen. Counsel, Corp. Sec. | -- | -- | Dollar
amounts are as of 26-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|