McClatchy

The Miami Herald is a daily newspaper owned by the McClatchy Company and headquartered in Doral, Florida, a city in western Miami-Dade County and the Miami metropolitan area, several miles west of downtown Miami.

Miami Herald

The McClatchy Company today owns 30 daily newspapers in 29 U.S. markets. These markets are growing 50 percent faster than the national average. In each of its daily newspaper markets, McClatchy operates the leading local website, offering readers information, comprehensive news, advertising, e-commerce and other services. The McClatchy Company dates to the California Gold Rush era of 1857, when James McClatchy was one of the founding editors of its first newspaper, The Sacramento Bee -- one of the oldest newspapers in the West. Coverage of California's Central Valley expanded with the founding of The Fresno Bee in 1922 and the purchase of The Modesto Bee in 1927. For more than a century, California was the cornerstone of the company. In 1979, McClatchy expanded into the Northwest with the purchase of the Anchorage Daily News and the Tri-City Herald in Kennewick, Wash. In 1986, The News Tribune in Tacoma, Wash., was added to McClatchyâ€™s growing family of newspapers. The company went public in February 1988 and its Class A common shares are listed on The New York Stock Exchange under the symbol MNI. The companyâ€™s Class B common stock, which controls a majority of shareholder voting power, is not publicly traded. In 1990, McClatchy began publishing on the East Coast with the purchase of three daily newspapers in South Carolina: The Herald in Rock Hill, The Island Packet on Hilton Head Island, and The Beaufort Gazette. In 2004, McClatchy purchased the Merced Sun-Star and five affiliated non-dailies in Californiaâ€™s Central Valley. The newspapers, situated between Modesto and Fresno, serve a fast-growing region and provided a good strategic fit with McClatchyâ€™s other Central Valley papers. In 2006, McClatchy purchased Knight Ridder Inc. to become the second-largest newspaper publisher in the United States. Of Knight Ridderâ€™s 32 daily newspapers, McClatchy immediately announced its intentions to sell 12 that didn't fit its longstanding acquisition philosophy of buying newspapers in fast-growing markets. The 20 daily newspapers retained in the Knight Ridder acquisition were: The Tribune in San Luis Obispo, Calif.; The Bellingham Herald and The Olympian in Washington; The Idaho Statesman in Boise; The Kansas City Star in Missouri; The Olathe News and The Wichita Eagle in Kansas; the Fort Worth Star-Telegram in Texas; the Belleville News-Democrat in Illinois; the Columbus Ledger-Enquirer and The Telegraph in Georgia; the Sun Herald in Biloxi, Miss.; the Lexington Herald-Leader in Kentucky; the Centre Daily Times in Pennsylvania; The Miami Herald, Bradenton Herald and El Nuevo Herald in Florida; The Charlotte Observer in North Carolina; and The Sun News and The State in South Carolina. As part of its analysis of the Knight Ridder acquisition, McClatchy sold the Star Tribune in 2007. The sale of its largest newspaper made McClatchy the third-largest newspaper publisher in the United States. In 2008, The Olathe News converted from daily publication to twice-weekly.

SACRAMENTO, Calif., Aug. 7, 2020 /PRNewswire/ -- Chatham Asset Management, LLC ("Chatham") today announced that Tony Hunter will become Chief Executive Officer of The McClatchy Company (OTC: MNIQQ), following the local news company's emergence from Chapter 11 and the completion of its.

Chatham Asset Management, LLC To Name Tony Hunter Chief Executive Of McClatchy On Emergence From Chapter 11 In September

Chatham Asset Management has won a court-supervised auction for McClatchy Co. (OTC: MNIQQ), the bankrupt publisher of the Miami Herald, it announced Sunday.

Chatham Asset Management Successfully Bids For Miami Herald Publisher McClatchy Co

Chatham Asset Management plans to buy the bankrupt McClatchy newspaper chain in the latest hedge-fund takeover of a major news publisher. New Jersey-based Chatham was named the winning bidder Sunday of a bankruptcy auction for the publisher of 30 local newspapers including the Miami Herald, the Sacramento Bee and the Kansas City Star.

Hedge fund plans to buy bankrupt McClatchy newspaper chain

Hedge fund Chatham Asset Management's bid succeeded in a court-supervised auction for bankrupt news publisher McClatchy Co , the news company said on Sunday.

Hedge fund Chatham's bid wins auction for Miami Herald publisher McClatchy

McClatchy, owner of 30 US newspapers, announced on Thursday it will furlough 4.4% of its employees, lay off four executives and reduce some executive compensation to address the financial pressures from coronavirus.

McClatchy furloughs about 115 employees to deal with the impact of coronavirus

McClatchy, among the largest newspaper chains in the country, has gone bankrupt. Presumably, hedge fund Chatham Asset Management will take the controlling interest in the company.

Why McClatchy’s New Owners May Sell Off Newspapers

The shrinking presence of local news across the United States may be dividing the country, Miami Herald reporter Julie K. Brown said Sunday on CNN's Reliable Sources.

After McClatchy bankruptcy, reporter Julie K. Brown urges Americans to subscribe to local newspapers

Fifteen years ago, shares of McClatchy traded above $700. On Monday they traded below $1.

McClatchy’s Fall And The End Of The American Family Newspaper

Struggling firm insists there’ll be no changes in its 30 newsrooms but experts worry powerful journalism could be lost

McClatchy: newspaper publisher bankruptcy 'a loss for democracy', experts warn

McClatchy Co. (NYSEAMERICAN: MNI), the second-largest newspaper publisher in the U.S.

Miami Herald Publisher McClatchy Files For Chapter 11 Bankruptcy

Miami Herald and Kansas City Star publisher has suffered as readers give up traditional subscriptions and get news online

McClatchy: newspaper publisher files for bankruptcy as 'local media suffers'

The 163-year-old company’s stock will be delisted soon.

McClatchy Files For Bankruptcy, Further Signaling America’s Local News Crisis

The publisher of the Miami Herald, The Kansas City Star and dozens of newspapers across the country is filing for bankruptcy protection.

Miami Herald parent McClatchy files for bankruptcy protection

The company plans to reemerge as a privately held company.

Newspaper giant McClatchy, owner of Miami Herald, files for bankruptcy

In another sign of the growing financial crisis in print journalism, McClatchy, the owner or 30 US newspapers, has filed for bankruptcy protection.

Newspaper chain McClatchy files for bankruptcy

Newspaper publisher McClatchy Co. MNI, +9.43% said it's filing for Chapter 11 bankruptcy protection.

Newspaper publisher McClatchy files for bankruptcy protection

Shares of McClatchy Co. (NYSEAMERICAN: MNI), one of the largest newspaper chains, trade as if the company will declare Chapter 11.

Who Will Buy McClatchy’s Largest Newspapers?

The thinly traded shares of the corporate parent of the Miami Herald, Charlotte Observer and the Fort Worth Star-Telegram, were eviscerated Friday plummeting 66 percent after the company announced a trifecta of bad news.

The Bad News Never Seems To Stop At McClatchy

The McClatchy Company (MNI) CEO Craig Forman On Q3 2019 Results - Earnings Call Transcript

Shares of MClatchy Co. MNI, -8.05% slumped 8.1% in morning trading Wednesday, after the newspaper publisher swung to a third-quarter loss on the back of a large impairment charge, and said it faces a "liquidity challenge" next year.

Newspaper publisher McClatchy's stock drops after swinging to loss, 'liquidity challenge' warning

The McClatchy Company (MNI) CEO Craig Forman on Q2 2019 Results - Earnings Call Transcript

McClatchy (MNI) delivered earnings and revenue surprises of 11.66% and -6.17%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

McClatchy (MNI) Reports Q2 Loss, Lags Revenue Estimates

Gannett Co.

New York Times

Newspaper Publishing Industry Prospects Hinge on Digitization

McClatchy (MNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate McClatchy (MNI) to Report a Decline in Earnings: What to Look Out for

The McClatchy Company (MNI) CEO Craig Forman on Q1 2019 Results - Earnings Call Transcript

News for McClatchy Stock (MNI)