The McClatchy Company is a news and information publisher of publications such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. The Company's businesses are comprised of daily newspapers, websites and mobile apps, mobile news and advertising, video products, niche publications, direct marketing, direct mail services and nearby community newspapers. Its media companies range from large daily newspapers and news websites serving metropolitan areas to non‑daily newspapers with news websites and online platforms serving small communities. In addition, McClatchy's full-service digital agency, excelerate, provides digital marketing tools designed to customize digital marketing plans for the customers.

TypePublic
HQSacramento, US
Founded1857
Size (employees)5,400 (est)
Websitemcclatchy.com
McClatchy was founded in 1857 and is headquartered in Sacramento, US
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Key People/Management at McClatchy

Terry Geiger

Terry Geiger

Vice President, Technology
Anders Gyllenhaal

Anders Gyllenhaal

Vice President, News and Washington Editor
Christian Hendricks

Christian Hendricks

Vice President, Products, Marketing and Innovation
Elaine Lintecum

Elaine Lintecum

Vice President, Finance and Chief Financial Officer
Billie McConkey

Billie McConkey

Vice President, Human Resources
Mark Zieman

Mark Zieman

Vice President, Operations
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McClatchy Office Locations

McClatchy has offices in Columbia, Sacramento, Naperville, Greenville and in 33 other locations
Sacramento, US (HQ)
2100 Q Street
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McClatchy Financials and Metrics

McClatchy Revenue

McClatchy's revenue was reported to be $977.09 m in FY, 2016 which is a 7.5% decrease from the previous period.
USD

Revenue (Q2, 2019)

403.2m

Net income (Q2, 2019)

(59.3m)

EBIT (Q2, 2019)

(1.3m)

Market capitalization (11-Oct-2018)

63.8m

Closing stock price (11-Oct-2018)

8.2

Cash (1-Jul-2018)

20.1m

EV

732.0m
McClatchy's current market capitalization is $63.8 m.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.4b1.4b1.3b1.2b1.1b1.1b977.1m

Revenue growth, %

(2%)(5%)(3%)(8%)(8%)(8%)

Sales and marketing expense

383.7m338.6m

General and administrative expense

432.3m411.9m395.4m383.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019Q2, 2019

Revenue

198.9m403.2m

Sales and marketing expense

105.2m111.1m103.5m100.6m106.7m101.1m95.0m102.8m98.2m95.0m91.4m86.8m80.7m79.2m157.1m

Operating expense total

105.2m111.1m103.5m100.6m106.7m101.1m95.0m102.8m98.2m95.0m91.4m86.8m80.7m201.8m404.5m

Depreciation and amortization

19.2m38.5m
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

6.2m17.5m86.0m113.1m80.8m220.9m9.3m5.3m99.4m

Accounts Receivable

10.8m36.8m16.4m11.9m

Inventories

Current Assets

336.5m437.9m205.1m167.5m245.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019Q2, 2019

Cash

45.4m96.4m265.3m225.1m73.5m32.1m19.6m17.6m15.9m23.2m23.8m8.4m84.0m20.0m20.1m

Accounts Receivable

11.4m11.9m9.9m10.7m37.1m36.1m36.2m10.8m10.3m12.3m11.3m10.9m10.9m

Current Assets

249.3m322.1m475.6m430.0m271.2m226.1m216.4m176.4m168.5m175.2m168.2m150.9m221.7m143.0m137.1m

PP&E

484.4m436.8m417.9m412.0m387.9m375.3m363.8m355.5m316.6m305.7m285.4m271.5m262.7m252.8m246.5m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

18.8m374.0m(300.2m)(34.2m)(332.4m)

Depreciation and Amortization

122.4m113.6m101.6m89.4m80.1m

Inventories

3.6m3.8m2.8m2.7m4.1m

Accounts Payable

977.0k(1.9m)(7.3m)(5.0m)(5.0m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019Q2, 2019

Net Income

7.3m(15.8m)89.9m(2.8m)(11.3m)(307.8m)(309.0m)(12.7m)(27.5m)(37.3m)(95.6m)(133.0m)(393.5m)(38.9m)(59.3m)

Depreciation and Amortization

27.5m40.5m25.9m23.8m23.7m48.6m75.9m24.6m49.0m69.6m19.8m39.4m59.0m19.2m38.5m

Inventories

(1.4m)892.0k646.0k(2.5m)(817.0k)2.2m686.0k1.1m2.5m(1.1m)(1.2m)

Accounts Payable

(5.9m)(11.2m)(10.9m)(2.9m)(4.4m)(9.0m)(3.7m)(4.1m)(4.0m)(1.5m)3.5m
USDY, 2018

EV/EBIT

-545 x

EV/CFO

78.8 x

Financial Leverage

-5.4 x
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McClatchy Operating Metrics

McClatchy's Monthly Unique Visitors was reported to be 56.7 m in FY, 2016.
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Daily Newspaper's Circulation

1.70 m1.63 m1.48 m

Digital News Subscribers

71.20 k79.30 k78.40 k80 k80.30 k83.10 k84.50 k

Markets

28 28 29

Monthly Unique Visitors

43.20 m50.60 m56.70 m
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McClatchy Revenue Breakdown

Embed Graph

McClatchy revenue breakdown by business segment: 37.3% from Audience, 58.2% from Advertising and 4.5% from Other

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McClatchy Online and Social Media Presence

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McClatchy News and Updates

McClatchy President and CEO Craig Forman Describes Independent Press as Patriotic Not Political

SEWANEE, Tenn., Oct. 15, 2018 /PRNewswire/ -- In a speech today to students at University of the South, McClatchy President and CEO Craig Forman criticized the term "fake news" and championed the importance of local news. He also described a free press as one that shines light in dark...

Biotech billionaire and Los Angeles Times owner Patrick Soon-Shiong is talking to newspaper chain McClatchy about buying Tronc

Los Angeles Times owner Patrick Soon-Shiong is considering bidding for newspaper publisher Tronc, according to people familiar with the matter.  Soon-Shiong is considering a joint bid with newspaper publisher McClatchy. He had previously been in talks to team up with a hedge fund manager for Tronc…

McClatchy announces staff reductions of 3.5%, among other cost-cutting measures

Craig Forman, president and chief executive officer of McClatchy, told employees in the memo that the decisions were "painful and difficult" but "necessary to protect and further our future."

McClatchy Studios Announces Inaugural Fall Lineup and Inks Pact with Storied Media Group

SACRAMENTO, Calif., Aug. 15, 2018 /PRNewswire/ -- McClatchy Studios, the documentary production arm of McClatchy (NYSE American-MNI), a leading local media company, announced its inaugural fall lineup, focused on local stories with national appeal. Three shows produced by McClatchy...

Indian-American elected to board of White House Correspondents Association

Anita Kumar has become the first Indian-American to be elected to the board of the White House Correspondents Association (WHCA), more than a century-old apex body of journalists covering the US president. Kumar, who has been covering the White House since 2012, was elected unopposed to the WHCA Boa…

Capital Region AR VR Accelerator Announces Collaboration with Sacramento Kings, McClatchy New Ventures Lab, Clark Pacific and Moneta Ventures

SACRAMENTO, Calif., Aug. 6, 2018 /PRNewswire/ -- The Capital Region AR VR Accelerator (https://www.crarvraccelerator.com/) announced collaborations with the Sacramento Kings, McClatchy New Ventures Lab, Clark Pacific, and Moneta Ventures. Digital media, creative storytelling, video...
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McClatchy Company Life and Culture

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