| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
8 |
| Employees |
3,700 |
| Revenues (TTM) (Millions $) |
638 |
| Net Income (TTM) (Millions $) |
-565 |
| Cash Flow (TTM) (Millions $) |
7 |
| Capital Exp. (TTM) (Millions $) |
3 |
Business Description
The McClatchy Company is a media company based in Sacramento, California. Founded in 1857, it is one of the oldest and largest newspaper companies in the United States, with a diverse portfolio of digital and print publications. McClatchy operates 30 daily newspapers in 14 states, including Miami Herald, The Kansas City Star, The Sacramento Bee, and The Charlotte Observer. The company's publications have a combined daily circulation of more than6 million and weekly circulation of more than4 million.
In addition to newspapers, McClatchy also operates digital media companies, including McClatchyDC, which covers politics and government in Washington D.C., and The State, a digital news site covering South Carolina. The company also owns and operates websites for several of its newspapers, providing readers with daily updates and breaking news stories.
The McClatchy Company is known for its award-winning journalism and investigative reporting. Its newspapers have been recognized with numerous Pulitzer Prizes over the years, including three in the past decade. The company is committed to providing its readers with accurate, timely, and in-depth reporting on local, national, and international issues.
Despite its long history and reputation for quality journalism, McClatchy has faced financial challenges in recent years. Like many traditional media companies, it has struggled to adapt to the changing digital landscape and the rise of social media. In 2019, the company filed for bankruptcy, citing declining revenues and a shift in advertising dollars from traditional print to digital platforms.
Despite these challenges, McClatchy has continued to innovate and adapt to changing market conditions. With a focus on digital media and a commitment to quality journalism, the company remains a vital part of the American media landscape.
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