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McClatchy
McClatchy Media Company, also known as simply McClatchy or MCC, is an American publishing company incorporated under Delaware's General Corporation Law. Originally based in Sacramento, California, United States, and known as The McClatchy Company, it became a subsidiary of Chatham Asset Management, headquartered in Chatham Borough, New Jersey, as a result of its 2020 bankruptcy.
The company 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. In 2024, McClatchy merged with A360media.
In addition to its daily newspapers, McClatchy also operates several websites and community papers, as well as a news agency, McClatchy DC Bureau, focused on political news from Washington, D.C.
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 McClatchy, bought out the Ridge family's interests. The two modernized the paper with the formation of McClatchy Newspapers through the founding of the Fresno Bee in 1922 and acquisition of the Modesto Bee in 1924. C.K. McClatchy's legacy to the region has been memorialized in 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 Charles K. McClatchy took over the company and guided the media company toward the modern publicly owned The McClatchy Company through further acquisitions of out-of-state newspapers, the Anchorage Daily News in Anchorage, Alaska, and the Tri-City Herald in Kennewick, Washington.
McClatchy also acquired then-ABC affiliate KOVR, licensed to Stockton, California but also serving the Sacramento area, from Metromedia in 1965. The company's own Modesto Bee reported the sale of the station. 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.
In 1998, McClatchy purchased the Cowles Media Company, keeping the Minneapolis Star Tribune newspaper, which was the primary asset in the $1.4 billion deal, and selling Cowles' other business units to Primedia (now Rent Group) and to a management team.
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McClatchy
McClatchy Media Company, also known as simply McClatchy or MCC, is an American publishing company incorporated under Delaware's General Corporation Law. Originally based in Sacramento, California, United States, and known as The McClatchy Company, it became a subsidiary of Chatham Asset Management, headquartered in Chatham Borough, New Jersey, as a result of its 2020 bankruptcy.
The company 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. In 2024, McClatchy merged with A360media.
In addition to its daily newspapers, McClatchy also operates several websites and community papers, as well as a news agency, McClatchy DC Bureau, focused on political news from Washington, D.C.
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 McClatchy, bought out the Ridge family's interests. The two modernized the paper with the formation of McClatchy Newspapers through the founding of the Fresno Bee in 1922 and acquisition of the Modesto Bee in 1924. C.K. McClatchy's legacy to the region has been memorialized in 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 Charles K. McClatchy took over the company and guided the media company toward the modern publicly owned The McClatchy Company through further acquisitions of out-of-state newspapers, the Anchorage Daily News in Anchorage, Alaska, and the Tri-City Herald in Kennewick, Washington.
McClatchy also acquired then-ABC affiliate KOVR, licensed to Stockton, California but also serving the Sacramento area, from Metromedia in 1965. The company's own Modesto Bee reported the sale of the station. 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.
In 1998, McClatchy purchased the Cowles Media Company, keeping the Minneapolis Star Tribune newspaper, which was the primary asset in the $1.4 billion deal, and selling Cowles' other business units to Primedia (now Rent Group) and to a management team.