The McClatchy Company
Acquired Subsidiary
The McClatchy Company is a Sacramento-based publisher of local newspapers founded in 1857.
Founded
1857The McClatchy Company is a Sacramento-based publisher of local newspapers founded in 1857.
The McClatchy Company is an American local-news publisher founded in Sacramento, California, in 1857 by James McClatchy around The Sacramento Bee. The company grew over successive generations of the McClatchy family into a chain of newspapers and went public in 1988 to reduce debt while the family retained control.
In 2006 McClatchy acquired Knight Ridder, then the second-largest US daily-newspaper chain, in a $4.5 billion deal that expanded its footprint to roughly 30 daily newspapers. After a 2020 Chapter 11 filing, McClatchy emerged under the ownership of Chatham Asset Management, which completed its acquisition of substantially all of the company's assets on September 4, 2020; the business retained The McClatchy Company name and remains privately held.
Companies similar to The McClatchy Company include The Sacramento Bee, Lexington Herald-Leader, The Telegraph and USA TODAY Co..
The McClatchy Company was founded in 1857.
The McClatchy Company's headquarters is located in Sacramento, CA, US.
The McClatchy Company's most recent funding round was for $312M (USD) in September 2020.
As of Sep 4, 2020, The McClatchy Company has raised a total of $312M (USD).
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