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Latest The Kansas City Star Stories

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...

2011-06-21 08:00:00

SACRAMENTO, Calif., June 21, 2011 /PRNewswire/ -- The McClatchy Company (NYSE: MNI) today announced that its previously disclosed offer to repurchase $65 million of the company's 2017 senior secured notes will expire at 11:59 p.m. Eastern time on June 24, 2011. The company also provided an update of business trends for the second quarter of 2011. The company reported that combined total revenues in April and May 2011 were down 8.1% compared to the same period in 2010. Combined advertising...

2011-05-27 06:00:00

SACRAMENTO, Calif., May 27, 2011 /PRNewswire/ -- The McClatchy Company (NYSE: MNI) announced today that it has sold 14.0 acres of Miami land, including the building housing its subsidiary The Miami Herald Media Company and an adjacent parking lot, for a purchase price of $236 million to Bayfront 2011 Property LLC, a subsidiary of Genting Malaysia Berhad (Genting). The transaction closed today. The Miami Herald Media Company is the publisher of The Miami Herald, El Nuevo Herald, related...

2011-05-18 16:30:00

SACRAMENTO, Calif., May 18, 2011 /PRNewswire/ -- Mark Zieman, president and publisher of The Kansas City Star since 2008, today was named vice president, operations by The McClatchy Company. His appointment is effective May 31. Zieman, 50, joins McClatchy's senior management team and will oversee 13 daily newspapers and their affiliated operations in seven states - Georgia, Illinois, Kansas, Mississippi, Missouri, North Carolina and South Carolina. He will be based in Sacramento. Zieman...

2011-03-30 14:40:00

SACRAMENTO, Calif., March 30, 2011 /PRNewswire/ -- Frank Whittaker, vice president for operations at The McClatchy Company (NYSE: MNI) and a 26-year company executive, has announced his retirement on May 27. One of two vice presidents for operations, Whittaker oversees 16 McClatchy daily newspapers and their related businesses in California, Florida, Kentucky and the Carolinas. He is a member of McClatchy's senior management team, and a search is under way for his successor. "We will all...

2010-12-17 15:05:00

SACRAMENTO, Calif., Dec. 17, 2010 /PRNewswire-FirstCall/ -- The McClatchy Company (NYSE: MNI) announced that lenders have agreed to amend its credit agreement to eliminate restrictions on the early retirement of the company's existing public bonds. As previously announced, McClatchy will repay its remaining $41.0 million of bank term loans by the end of 2010. As part of the amendment, the company has agreed to reduce its revolving credit commitments from $236.4 million to $150.8 million....


Word of the Day
pungle
  • To take pains; labor assiduously with little progress.
This word comes from the Spanish 'pongale,' put it.
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