McClatchy
American publishing company / From Wikipedia, the free encyclopedia
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The McClatchy Company, commonly referred to as simply McClatchy, is an American publishing company incorporated under Delaware's General Corporation Law. Formerly based in Sacramento, California, U.S., the publication is now a subsidiary of Chatham Asset Management, headquartered in Chatham Borough, New Jersey. The publication operates 29 daily newspapers in fourteen states and has an average weekday circulation of 1.6 million and Sunday circulation of 2.4 million.[2] In 2006, it purchased Knight Ridder, which at the time was the second-largest newspaper company in the United States (Gannett was, and remains, the largest). 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.
Company type | Private |
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Industry | Publishing |
Founded | February 3, 1857; 167 years ago (1857-02-03) |
Founder | James McClatchy |
Headquarters | 26 Main Street Chatham Borough, NJ 07928 U.S. |
Key people |
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Products | Newspapers |
Owner | Chatham Asset Management |
Number of employees | 2,800 full and part-time (2019)[1] |
Website | mcclatchy |
In February 2020, McClatchy filed for Chapter 11 bankruptcy protection. In August 2020, a bankruptcy court approved a bid by hedge fund Chatham Asset Management to acquire McClatchy.