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Last updated on April 17, 2014 at 21:23 EDT

Latest The Charlotte Observer Stories

2014-04-08 16:22:20

SACRAMENTO, Calif., April 8, 2014 /PRNewswire/ -- The McClatchy Company (NYSE:MNI) announced today that it has reached a definitive agreement to sell the Anchorage Daily News to Alaska Dispatch Publishing LLC for $34 million. The transaction is expected to close in the second quarter of 2014. "The Anchorage Daily News is a profitable newspaper that makes us proud journalistically," said Pat Talamantes, McClatchy's president and CEO. "We weren't looking to sell the Daily News, but...

2014-04-01 20:21:20

SACRAMENTO, Calif., April 1, 2014 /PRNewswire/ -- The McClatchy Company (NYSE-MNI) said today that it received a $147 million cash distribution from Classified Ventures, LLC (CV) as a result of its previously announced sale of Apartments.com to CoStar Group for $585 million. McClatchy expects that proceeds on an after-tax basis will be approximately $90 million. McClatchy owns a 25.6% interest in CV and its portion of the gain from the sale of Apartments.com will be recorded in...

2014-03-03 08:27:05

SACRAMENTO, Calif., March 3, 2014 /PRNewswire/ -- The McClatchy Company (NYSE-MNI) said today that it anticipates a cash distribution as a result of the recent announcement by Classified Ventures, LLC (CV) of its agreement to sell Apartments.com for $585 million to CoStar Group. CV has said that it expects the transaction to close in the second quarter of 2014. McClatchy owns a 25.6% interest in CV. A distribution approximately equal to McClatchy's portion of the net proceeds on...

2014-01-28 20:21:48

SACRAMENTO, Calif., Jan. 28, 2014 /PRNewswire/ -- The McClatchy Company (NYSE: MNI) announced today that its fourth quarter earnings conference call will be accessible live to the media and general public via internet webcast and through listen-only, dial-in conference lines. The conference call will be held on Thursday, Feb. 13, 2014, at noon Eastern, 9 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the market opens on Feb. 13....

2013-12-20 16:23:57

SACRAMENTO, Calif., Dec. 20, 2013 /PRNewswire/ -- The McClatchy Company (NYSE-MNI) said today that it has received $42.4 million in cash distributions from its equity investments in 2013. McClatchy noted that on Tuesday, Dec. 17, 2013, it received $23.0 million in a cash distribution from Classified Ventures, LLC. Classified Ventures is a growing internet company that owns two of the nation's premier classified websites, the auto website Cars.com and the rental site Apartments.com....

2013-12-10 08:27:53

SACRAMENTO, Calif., Dec. 10, 2013 /PRNewswire/ -- The McClatchy Company (NYSE: MNI) said today that it will provide an update of business trends for 2013 and an outlook for 2014 at the 41(st) Annual UBS Global Media and Communications Conference at the Westin New York at Times Square in New York City on Dec. 11, 2013, at 1:30 p.m. Eastern, 10:30 a.m. Pacific time. The company's presentation will be webcast live on its website, www.mcclatchy.com, and at http://bit.ly/1i2rsIM. The webcast will...

2013-12-02 20:21:47

SACRAMENTO, Calif., Dec. 2, 2013 /PRNewswire/ -- The McClatchy Company (NYSE: MNI) will review its business and strategies in a presentation at the 41st Annual UBS Global Media and Communications Conference at the Westin New York at Times Square in New York City on Dec. 11, 2013, at 1:30 p.m. Eastern, 10:30 a.m. Pacific time. The company's presentation will be webcast live on its website, www.mcclatchy.com, and at http://bit.ly/1i2rsIM. The webcast will be archived at McClatchy's...

2013-10-09 16:23:07

SACRAMENTO, Calif., Oct. 9, 2013 /PRNewswire/ -- The McClatchy Company (NYSE: MNI) announced today that its third quarter earnings conference call will be accessible live to the media and general public via internet webcast and through listen-only, dial-in conference lines. The conference call will be held on Thursday, October 24, 2013, at noon Eastern, 9 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the market opens on October...

2013-07-23 16:23:20

SACRAMENTO, Calif., July 23, 2013 /PRNewswire/ -- The McClatchy Company (NYSE: MNI) today announced the appointment of Craig I. Forman to its board of directors effective immediately. Forman, 51, is a private investor and entrepreneur, a former media, technology and telecommunications executive and former Wall Street Journal bureau chief and foreign correspondent. He has held executive roles with Earthlink, Yahoo!, Time Warner, Infoseek, and Dow Jones. "I'm thrilled to welcome Craig...

2013-07-09 20:20:30

SACRAMENTO, Calif., July 9, 2013 /PRNewswire/ -- The McClatchy Company (NYSE: MNI) announced today that its second quarter earnings conference call will be accessible live to the media and general public via internet webcast and through listen-only, dial-in conference lines. The conference call will be held on Thursday, July 25, 2013, at noon Eastern, 9 a.m. Pacific time. McClatchy's earnings announcement will be released to newswire services before the market opens on July...