Your Search Returned 44 tagged news reports
He called it a tough decision, one on his mind for some time. Vander Veen, a 25-year McClatchy Co. employee, will leave Friday. Debbie Kuykendall, the paper's vice president of sales and marketing, will serve as interim publisher until a successor is...
Tags: Vander Veen, Merced Sun-Star, McClatchy Co., Frank Whittaker, star publishers, Merced, The Modesto Bee, VEEN, Merced California, The McClatchy Company, Entertainment Culture
AP Photo/Paul Sakuma) A sign is seen at Google headquarters in Mountain View, Calif., Wednesday, Oct. 14, 2009...Google Inc.'s earnings and stock price are soaring again - and so is the Internet search leader's optimism. The reason: A third-quarter profit...
Tags: McClatchy Co., Safeway Inc., quarter profits, slower decline
W hile MDS impressed investors by selling its medical instruments division for a better-than-expected $650-million (U.S.), the company is now dogged by questions of what’s next. MDS, an underperformer in recent years, said Wednesday that it plans to focus...
Tags: Fannie Mae, share price, McClatchy Company, New York Stock Exchange, McClatchy Co., MDS, trading days
The McClatchy Co.'s credit rating was cut again Friday in response to the Sacramento publisher's effort to cancel out much of its bond debt. Standard & Poor's Ratings Services lowered the rating to "CC" from "CCC-plus" on the grounds that its offer to...
Tags: McClatchy Co., ceo sees
The newspaper chain McClatchy Co., whose properties include The Kansas City Star, has offered its bondholders a swap that could greatly reduce the company’s debt.Equity analyst Barry Lucas at Gabelli & Co. Inc. said the swap also would cut McClatchy’s...
Tags: McClatchy Co., newspaper chain
The proposal presumes the newspaper chain's unsecured lenders will accept a fraction of the amount they are owed rather than risk getting even less if the company were to seek bankruptcy protection. If the debt swap outlined Thursday works out, McClatchy...
Tags: McClatchy Co.
McClatchy says it started a $1.15 billion private debt exchange offer Thursday as the nation's third-largest newspaper publisher tries to reduce approximately $2 billion in debt and improve its balance sheet. Like many publishers, the owner of The Miami...
Tags: McClatchy Co., debt exchange, exchange offer, private debt, newspaper publishers, Miami Herald
Declaring that elected officials must share the pain of California's fiscal crisis, an independent commission voted today to impose an 18 percent pay cut for statewide elected officials and all members of the Legislature. The Californian Citizens Compensation...
Tags: McClatchy Co., pleads guilty, U.S, pay cut, Sara Kuszak, Sacramento, Puerto Rico, elected officials, Californian Citizens Compensation Committee, California Citizens Compensation Commission
Moody's lowered Sacramento-based McClatchy to Caa1 from B2, saying it believes McClatchy's debt burden "is becoming unsustainable" in light of the company's decreasing cash flow. It said there's "a heightened risk" that McClatchy could fall into technical...
Tags: McClatchy Co., Moody's Investors Service, Moody’s Investors Service, credit rating, corporate family, downgrades mcclatchy, default rating, family rating
McClatchy Co. reported a quarterly net loss of 37.7 million dollars on Thursday as a drop in both print and digital advertising revenue sent the third-largest US newspaper chain deeper into the red. McClatchy, which owns the Miami Herald, Sacramento Bee...
Tags: McClatchy Co., Miami Herald, Microsoft Corp., advertising revenues, newspaper publishers, Sacramento Bee, net loss