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Editor’s Note: Encyclo has not been regularly updated since August 2014, so information posted here is likely to be out of date and may be no longer accurate. It’s best used as a snapshot of the media landscape at that point in time.

is the nation’s , with including the , the , and the .

McClatchy is a publicly traded company based in Sacramento, Calif., where its flagship paper, the Sacramento Bee, was founded in 1857. The company was until 1989.

The company is known for the quality of its national and . Knight Ridder’s Washington bureau, which merged with McClatchy’s in 2006, has received and for its reporting in the runup to the Iraq War. The company also runs , sharing expenses with the Christian Science Monitor.

McClatchy the larger Knight Ridder chain of newspapers in 2006, 12 of those newspapers shortly after the purchase, including the St. Paul Pioneer Press, the San Jose Mercury News, and the Philadelphia Inquirer. Several months later, McClatchy , which it had owned since 1998. The company to the local journalism website Alaska Dispatch in 2014.

McClatchy’s purchase of Knight Ridder was , as the company had among corporate newspaper publishers. But the purchase , leading the company to much of the sale costs, cut of , and face the  of stock delisting.

The company’s stock price plunged to pennies on the dollar in 2009 but thereafter, stringing together through early 2010. McClatchy leads the newspaper industry in online traffic growth and percentage of total revenue derived from its websites, but it also carried  in long-term debt as of 2010. It also in the first quarter of 2012. By later that year, its pension plan was by $383 million.

McClatchy that it would begin testing online paid-content plans in partnership with Press+, hinting at a model built around multiplatform subscription packages. The company at five papers in the third quarter of 2012 and spread them to the rest of its papers by the end of the year. One of its first major paywalls was at the Sacramento Bee in September 2012. McClatchy across its company in April 2013 and through the program in May 2013.

In February 2011, the company announced plans to make after further declines in overall ad revenue, even as than print ads.

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Primary author: Mark Coddington. Main text last updated: April 10, 2014.
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