public traded as nyse mni industry publishing founded february 3 1857 founder james mcclatchy headquarters sacramento california key people kevin mcclatchy chairman patrick j. talamantes president and ceo products newspapers revenue us 1.056 billion 2015 1 operating income us 245.3 million 2015 net income us 300.1 million 2015 number of employees 5 600 full and part time 2015 website mcclatchy.com the mcclatchy company is a publicly traded american publishing company based in sacramento california . it operates 29 daily newspapers in 14 states and has an average weekday circulation of 1.6 million and sunday circulation of 2.4 million . 1 in 2006 it purchased knight ridder which at the time was the second largest newspaper company in the united states gannett was and remains the largest . in addition to its daily newspapers mcclatchy also operates several websites and community papers . contents 1 history 2 company infrastructure 3 if stone medal 4 criticism 5 dailies 6 dailies acquired in knight ridder purchase and sold 7 references 8 external links history edit the company originated with the sacramento bee which was first published on february 3 1857 after the california gold rush . james mcclatchy took over as editor of the bee within a week . for most of its history the company was focused on the newspaper business in california s sacramento valley and san joaquin valley . it acquired its first out of state newspapers in 1979 and through numerous subsequent acquisitions has grown into a nationwide company in the u.s. in its first moves outside its home state mcclatchy bought the anchorage daily news in anchorage alaska and the tri city herald in kennewick washington . mcclatchy acquired then abc affiliate kovr from metromedia in 1963 . the company s own modesto bee reported the sale of the station . 2 it was sold to the outlet company in 1978 and today exists as a cbs owned and operated station . 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 . in 1995 it acquired the news & observer of raleigh north carolina and in 1998 it bought the star tribune of minneapolis . in january 2004 mcclatchy bought the merced sun star of merced and five affiliated non dailies in california s san joaquin valley . the company s biggest acquisition occurred on june 27 2006 when mcclatchy purchased knight ridder . because mcclatchy was so much smaller than knight ridder at the time one observer equated the deal as a dolphin swallowing a small whale . 3 the purchase price of 40 and 0.5118 shares of mcclatchy class a stock per share was valued in total at about 4 billion in cash and stock . the company also assumed 2 billion in debt . this purchase added 20 newspapers to the company stable and the immediate sale over the next five weeks of 12 publications including the st. paul pioneer press san jose mercury news and the philadelphia inquirer . those sales were completed on aug. 2 2006 in july 2008 mcclatchy sold the company s digital advertising network real cities to a chicago based marketing firm named centro . the real cities network was liquidated by centro the following month . the minneapolis st. paul star tribune acquired in 1998 and sold in 2007 to private equity firm avista capital partners for 555 million had the highest circulation of all mcclatchy newspapers . the company also owns a portfolio of digital assets including 15.0 % of careerbuilder llc which operates careerbuilder.com ; 25.6 % of classified ventures llc a company that offers classified websites such as the auto website cars.com ; and 33.3 % of homefinder llc which operates the online real estate website homefinder.com . mcclatchy also owns 49.5 % of the voting stock and 70.6 % of the nonvoting stock of the seattle times company . 1 company infrastructure edit as of 2015 mcclatchy had approximately 5 600 full and part time employees equating to approximately 5 100 full time equivalent employees . 1 the company has two classes of stock allowing the founding mcclatchy family to retain control . in the knight ridder purchase for example mcclatchy shareholders did not need to act in approving the purchase because the family had already voted their shares in favor . editor and publisher reported in october 2006 that mcclatchy revenue ending august 2006 was down over one percent from august 2005 . between the announced purchase of knight ridder in march 2006 and late 2009 the stock value of mcclatchy mni declined significantly . 4 on december 18 2008 mcclatchy common stock fell below 1 per share . the market capitalization of the company fell below 100 million down over 98 % since the purchase of knight ridder in early 2006 . 5 in 2010 2011 the stock had recovered off of its low but is still down over 90 % from the peak . in 2016 mcclatchy approved a 1 for 10 reverse stock split that boosted the price of its shares to over 11 . 6 mcclatchy has an internet subsidiary mcclatchy interactive formerly known as nando media which provides business support and material for internet media part of the news & observer purchase . other operations include newsprint ventures inc. a consortium that operates the ponderay newsprint mill near spokane washington . mcclatchy also inherited a partnership with the tribune company in the news service knight ridder tribune information services now mcclatchy tribune information services mct when it acquired knight ridder . 7 if stone medal edit in 2008 mcclatchy s bureau chief in washington d.c. john walcott was the first recipient of the if stone medal for journalistic independence awarded by the nieman foundation for journalism . 8 in accepting the award walcott commented on mcclatchy s reporting during the period preceding the iraq war why in a nutshell was our reporting different from so much other reporting one important reason was that we sought out the dissidents and we listened to them instead of serving as stenographers to high ranking bush administration officials and iraqi exiles . 8 mcclatchy journalists have also won 9 pulitzer prizes in their 159 year history . 9 criticism edit on august 4 2013 mcclatchy newspapers citing anonymous sources reported on conversations between ayman al zawahri who succeeded osama bin laden as the head of al qaeda and nasser al wuhayshi the head of the yemen based al qaeda in the arabian peninsula discussing an alleged imminent terrorist attack . two days previously the new york times had agreed to withhold the identities of the al qaeda leaders after us intelligence officials claimed the information could jeopardize their operations . government analysts and officials interviewed by the times said the impact of this disclosure caused more immediate damage to american counterterrorism efforts than the thousands of classified documents disclosed by edward snowden due to a sharp drop in the terrorists use of a major communications channel that the authorities were monitoring . 10 subsequently officials have been searching for new ways to monitor communications among al qaeda s leaders and operatives . 10 dailies edit note indicates newspaper acquired in 2006 knight ridder purchase . the beaufort gazette beaufort south carolina belleville news democrat belleville illinois the bellingham herald bellingham washington the bradenton herald bradenton florida centre daily times state college pennsylvania the charlotte observer charlotte north carolina ledger enquirer columbus georgia the fresno bee fresno california the herald rock hill rock hill south carolina the idaho statesman boise idaho the island packet hilton head south carolina the kansas city star kansas city missouri lexington herald leader lexington kentucky merced sun star merced california the miami herald miami florida el nuevo herald miami florida the modesto bee modesto california the news & observer raleigh north carolina the olathe news olathe kansas the olympian olympia washington the sacramento bee sacramento california fort worth star telegram fort worth texas the state columbia south carolina sun herald biloxi mississippi sun news myrtle beach south carolina the news tribune tacoma washington the telegraph macon macon georgia the san luis obispo tribune san luis obispo california tri city herald kennewick washington wichita eagle wichita kansas dailies acquired in knight ridder purchase and sold edit aberdeen american news aberdeen south dakota completed june 27 2006 akron beacon journal akron ohio completed aug. 2 2006 the herald monterey california completed aug. 2 2006 san jose mercury news san jose california completed aug. 2 2006 fort wayne news sentinel fort wayne indiana completed june 27 2006 philadelphia daily news philadelphia pennsylvania completed june 29 2006 the philadelphia inquirer philadelphia pennsylvania completed june 29 2006 saint paul pioneer press st. paul minnesota completed aug. 2 2006 contra costa times walnut creek california completed aug. 2 2006 duluth news tribune duluth minnesota completed june 27 2006 grand forks herald grand forks north dakota completed june 27 2006 times leader wilkes barre pennsylvania completed aug. 2 2006 references edit a b c d 2015 mcclatchy annual report retrieved 1 august 2016 . google news archives the modesto bee october 4th 1963 . google news archivials . mcclatchy google . retrieved 3 june 2012 . newspaper chain agrees to a sale for 4.5 billion the new york times mni basic chart for mcclatchy co hld yahoo finance . finance.yahoo.com . retrieved 2009 11 11 . mni interactive stock chart yahoo inc. stock yahoo finance . retrieved 30 may 2015 . mcclatchy company mni board approves reverse stock split expanded buyback authorization 18 may 2016 . retrieved 1 august 2016 . seelye katharine q. ; andrew ross sorkin 2006 03 12 . knight ridder newspaper chain agrees to sale fee . the new york times . a b walcott john october 9 2008 . john walcott truth is not subjective . acceptance speech . mcclatchy newspapers . retrieved 2008 10 13 . pulitzer prizes . mcclatchy.com . a b schmitt eric ; schmidt michael s. september 29 2013 . qaeda plot leak has undermined u.s. intelligence . the new york times . external links edit california portal companies portal journalism portal the mcclatchy company ipsos the mcclatchy company polls mcclatchy washington bureau nieman journalism lab . mcclatchy . encyclo an encyclopedia of the future of news . retrieved 1 april 2012 . v t e the mcclatchy company newspapers the beaufort gazette belleville news democrat the bellingham herald the bradenton herald centre daily times the charlotte observer columbus ledger enquirer florida keys keynoter fort worth star telegram the fresno bee rock hill s.c. herald the idaho statesman hilton head s.c. island packet the kansas city star lexington herald leader the telegraph macon ga merced sun star miami herald the modesto bee the sun news myrtle beach s.c. el nuevo herald the olathe news the olympian the news & observer raleigh n.c. the sacramento bee the san luis obispo tribune the state columbia s.c. the sun herald the news tribune tri city herald the wichita eagle partnerships careerbuilder 14.4 % the seattle times company 49.5 % topix 11.25 % acquisitions cowles media company knight ridder v t e current white house james s. brady press briefing room seating chart row podium 1 2 3 4 5 6 7 nbc news wall street journal agence france presse foreign pool bloomberg bna washington examiner talk radio news service fox news cbs radio news usa today msnbc time yahoo news dallas morning news cbs news bloomberg mcclatchy washington times ny daily news salem radio roll call ap npr aurn the hill hearst sf chron balt . sun media news daily beast cbn abc news washington post politico fox news radio ny post christian sci . monitor bbc boston globe reuters ny times tribune voa realclearpolitics siriusxm scripps buzzfeed cnn ap radio abc news radio national journal chicago sun times al jazeera dow jones financial times the guardian the seating chart as of march