McClatchy Interactive
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| Public | |
| Traded as | : MNI |
| Industry | Publishing |
| Founded | February 3, 1857 |
| Founder | James McClatchy |
| Headquarters | Sacramento, California |
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Key people
|
Kevin McClatchy (Chairman) Craig Forman (President and CEO) |
| Products | Newspapers |
| Revenue |
 US$977 million (2016)
|
 US$22.5 million (2016)
|
|
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−US$34.1 million (2016)
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|
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Number of employees
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5,600 full and part-time (2015) |
| Website | mcclatchy |
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. 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, as well as a news agency, McClatchyDC, focused on political news from the U.S. capital.
The company originated with The Daily Bee, first published in Sacramento, California on February 3, 1857 by Native American writer Rollin Ridge. James McClatchy joined Ridge as a partner and took over as editor. Known as a supporter of the people's interests against corporations and corrupt politicians, McClatchy made The Bee a bastion of progressive reformism. Upon McClatchy's death in 1883, the paper's leadership passed to James' son, Charles Kenny McClatchy, who with his brother Valentine Stuart, bought out the Ridge family's interests and brought the paper into the 20th century with the formation of McClatchy Newspapers through the founding of the Fresno Bee, and acquisition of the Modesto Bee. C.K. McClatchy's legacy to the region has been memorialized in the C.K. McClatchy High School in Sacramento, which opened in 1937, about a year after his death.
For most of its history, the company was focused on the newspaper business in California's Sacramento Valley and San Joaquin Valley. In 1978, the 4th generation Carlos K. McClatchy took over the company and guided the family-owned media company on a course that led 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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Wikipedia