McClatchy Company http://www.alacrastore.com/company-snapshot/McClatchy_Company-1010700 Saturday, August 30, 2008 10:11:10 AM 1010700 McClatchy Company en AlacraStore RSS Builder 1.0 30 US - Centro LLC acquired Real Cities Network Inc, a provider of online newspaper buying services, from McClatchy Co. Terms were not disclosed.8/15/2008 10:42:00 AM15751W75581W15751W579489Centro LLCReal Cities Network IncCentro LLCMcClatchy Cohttp://www.alacrastore.com/storecontent/Thomson_M%26A/Centro_LLC_acquires_Real_Cities_Network_Inc_from_McClatchy_Co-2004570020sdc/20045700202004570020Copyright © 2008, Thomson Financial, All Rights ReservedBusiness ServicesUnited StatesInformation retrieval services7375ILIllinoisPrivate4813:Telephone communications, except radiotelephone7372:Prepackaged Software7375:Information retrieval services4813:Telephone communications, except radiotelephone7372:Prepackaged Software7375:Information retrieval servicesBusiness ServicesUnited StatesInformation retrieval services7375NCNorth CarolinaSubsidiary1034752001Pvd online media svcsPublishing coUnspecifiedAssets97072001Aug 15 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.00000Centro LLC is a provider ofonline media planning andbuying software and services,headquartered in Chicago,Illinois.Centro LLC is a provider of online media planning and buyingsoftware and services, headquartered in Chicago, Illinois.Centro LLC is a provider of online media planning and buying software and services, headquartered in Chicago, Illinois.1.000002.000003.000004.00000Real Cities Network Inc is aprovider of online newspaperbuying services, headquarteredin Raleigh, North Carolina.Real Cities Network Inc is a provider of online newspaperbuying services, headquartered in Raleigh, North Carolina.Real Cities Network Inc is a provider of online newspaper buying services, headquartered in Raleigh, North Carolina.0.000000.000000.000000.00000N12 Aug 08Tue, 12 Aug 2008 00:00:00 ESTDate Announced: 08/12/200812 Aug 08Date Effective: 08/12/200812 Aug 08Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.00000100.00000100.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.00000US - Centro LLC acquired RealCities Network Inc, a providerof online newspaper buyingservices, from McClatchy Co.Terms were not disclosed.US - Centro LLC acquired Real Cities Network Inc, a provider of online newspaper buying services, from McClatchy Co. Terms were not disclosed.US - Centro LLC acquired Real Cities Network Inc, a provider of online newspaper buyingservices, from McClatchy Co. Terms were not disclosed.US - Centro LLC acquired Real Cities Network Inc, a provider of online newspaper buying services, from McClatchy Co. Terms were not disclosed.US - Centro LLC acquired Real Cities Network Inc, a provider of online newspaper buying services, from McClatchy Co. Terms were notdisclosed.Completed0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Completed-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000004813:Telephone communications, except radiotelephone7375:Information retrieval services1034752001United States7375IllinoisPrivate2711:Newspapers: publishing, or publishing & printing2721:Periodicals: publishing, or publishing & printing2731:Books: publishing, or publishing & printing2741:Miscellaneous publishing7375:Information retrieval services7389:Business services, nec10635002New YorkUnited States2711CaliforniaPublicMNI0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/fitch/394404_report_framefitch/394404_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.American Tower CorporationBally Technologies IncEl Paso CorporationEntergy Gulf States, Inc.Entergy Texas Inc.McClatchy CompanyThe Interpublic Group of Cos., Inc.Toys R Us, Inc.800898948009010380090559804171798145947881851587824313098344446884933873871153857/25/2008 6:31:00 PM0102000001020100010300000103030001030400010307000103210001070000275NewsletterAMTBYIEPIPGMNI394404_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/ccbn/B1890075ccbn/B1890075norm...Co. reported #Q## income from continuing operations of $##m or $#.## per share. www.streetevents.comContact Us ... 7/24/2008 10:14:00 PMThe McClatchy Company54.0000EditedThe McClatchy Company Q2 2008 Earnings Conference Call SummaryMNI9:00am PTBriefB1890075Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/cs/72179cs/72179norm MNI #Q##: Bruised But Not Broken McClatchy remains at the worst end of the classified sales performance in the industry because of its heavy dependence on the housing-impaired markets of California and Florida The group disclosed...721791340YesD0Article17811117corphy1333Capital Structure66Earnings Reports - TMT42High Yield7/24/2008 9:05:51 PM150McClatchy suffered another bruising quarter at the hands of the housing slowdown and secular shift of classified ads. Management is doing a good job of slashing costs, which is keeping the firm on the right side of bank covenants, so far.72179Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/427133_pr_framefitch/427133_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.McClatchy Company834444687/24/2008 6:31:00 PM010300000103070085Press ReleaseMNI427133_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/ccbn/T1890075ccbn/T1890075norm...Good morning, my name is Anissa and I will be your conference operator today. At this time I would like to welcome everyone to The McClatchy second quarter #### earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remark there is will be a question-and-answer session. (OPERATOR INSTRUCTIONS) Thank you. I would now like the turn the call over to Ms. Lintecum. You may begin your conference, ma'am. ... 7/24/2008 1:04:00 PMThe McClatchy Company54.0000FinalThe McClatchy Company Q2 2008 Earnings Conference Call TranscriptMNI9:00am PTTranscriptT1890075Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/newstex/PRN-0005-26896390newstex/PRN-0005-26896390xml SACRAMENTO, Calif., Jul. ##, #### (PRNewswire-FirstCall delivered by Newstex) -- The McClatchy Company (NYSE: MNI) today reported net income from continuing operations in the second quarter of #### of $##.# million, or ## cents per...04000000040100000401000104010005040160000401600104016048040160180401600301000000010260000102600301026002010260077/24/2008 10:24:57 AM18000000180040001800800018022000PR Newswire USPRN-0005-26896390MCCLATCHY COGARY PRUITTPATRICK J TALAMANTESMNINewsNewstexhttp://www.alacrastore.com/storecontent/spcred/660958spcred/660958normThe latest Full Report from S&Pglobal7/22/2008 6:23:00 PM400Full Report660958United StatesPublishingUnited StatesGlobal IssuersCorporationsMedia & EntertainmentFull ReportOverall geographic diversity of newspaper portfolio, although concentrations in California and Florida are negatively affecting operations Leverage profile, while strained compared to historical levels, compares favorably to newspaper company peers and other highly leveraged borrowers, likely leading lenders to agree to temporary covenant relief over the near to intermediate term, if necessary Heightened risk that McClatchy will need to amend its senior unsecured guaranteed credit facility over the near term High leverage as a result of deteriorating operating conditions, notwithstanding significant levels of debt repayment in recent periods The rating reflects meaningful declines in revenue and EBITDA in The McClatchy Co.'s newspaper publishing business and the likelihood for further declines over the intermediate term. We expect that total revenue couldUSA57948957948P57948L57948M57948U25401040 254010 2540 25McClatchy Co. (The)319481USAMNIFULLUSA49904025401040 254010 2540 25Knight Ridder Inc.101313USAKRIGLOBISSCORPMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/660961spcred/660961normThe latest Summary from S&Pglobal7/22/2008 6:23:00 PM175Summary660961United StatesPublishingUnited StatesGlobal IssuersCorporationsMedia & EntertainmentSummaryThe rating reflects meaningful declines in revenue and EBITDA in The McClatchy Co.'s newspaper publishing business and the likelihood for further declines over the intermediate term. We expect that total revenue could decline in the mid-teens percentage area and EBITDA could decline in the mid-20% area in 2008. This would likely result in the need in the second half of 2008 for McClatchy to amend its 5x leverage and 2.75x interest coverage covenants in its senior unsecured guaranteed credit facility. We believe that the company's lenders will agree to temporary covenant relief, largely because the company's leverage profile, while strained relative to historical levels and expected to deteriorate further over the intermediate term, compares favorably with newspaper company peers' andUSA57948957948P57948L57948M57948U25401040 254010 2540 25McClatchy Co. (The)319481USAMNISUMMARYGLOBISSCORPMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/cs/71743cs/71743norm Gannett's #Q## Raises National Questions Gannett's national advertising took a dive in June, accelerating the newspaper group's decline in sales Other newspaper publishers could suffer an accelerated fall of national revenues, but...717432054D8BondScore172517811117bscore/researchcorp137BondScore66Earnings Reports - TMT26BondScore: Company/Industry96Loan Market7/16/2008 10:06:00 PM250Gannett's national newspaper advertising take sank at the end of the second quarter, producing a shortfall versus some expectations. Correlation to other publishers' national ad spend is imprecise. Broadcasting seems to gain 3Q08 traction.Yes71743Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/spcred/659213spcred/659213normThe latest News from S&Pglobal7/11/2008 3:36:05 PM100News659213United StatesPublishingUnited StatesGlobal IssuersCorporationsMedia & EntertainmentNewsNEW YORK (Standard&Poor's) July 11, 2008--Standard&Poor's Ratings Services today lowered its corporate credit rating on The McClatchy Co. to 'B+' from 'BB-'. The rating outlook is negative. The issue-level rating on the senior unsecured debt assumed from Knight Ridder Inc. also was lowered, to 'B-' (two notches lower than the 'B+' corporate credit rating on McClatchy) from 'B'. The recovery rating on the Knight Ridder debt remains at '6', indicating the expectation for negligible (0% to 10%) recovery in the event of a payment default. At the same time, Standard&Poor's revised the recovery rating on McClatchy's unsecured credit facility to '2', indicating the expectation for substantial (70% to 90%) recovery in the event ofUSA57948L57948M57948U57948957948P25401040 254010 2540 25McClatchy Co. (The)319481USAMNINEWSGLOBISSCORPMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/659214spcred/659214normThe latest Research Update from S&Pglobal7/11/2008 3:36:05 PM175Research Update659214United StatesPublishingUnited StatesGlobal IssuersCorporationsMedia & EntertainmentResearch UpdateOn July 11, 2008, Standard&Poor's Ratings Services lowered its corporate credit rating on The McClatchy Co. to 'B+' from 'BB-'. The rating outlook is negative. The issue-level rating on the senior unsecured debt assumed from Knight Ridder Inc. was also lowered, to 'B-' (two notches lower than the 'B+' corporate credit rating on McClatchy) from 'B'. The recovery rating on the Knight Ridder debt remains at '6', indicating the expectation for negligible (0% to 10%) recovery in the event of a payment default. At the same time, Standard&Poor's revised the recovery rating on McClatchy's unsecured credit facility to '2', indicating the expectation for substantial (70% to 90%) recovery in the event of a payment default, fromUSA57948L57948M57948U57948957948P25401040 254010 2540 25McClatchy Co. (The)319481USAMNIRESUPDUSA49904025401040 254010 2540 25Knight Ridder Inc.101313USAKRIGLOBISSCORPMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/newstex/MCOM-0004-26559435newstex/MCOM-0004-26559435xml Jul. ##, #### (M# Communications Ltd. delivered by Newstex) -- CareerBuilder.com, an online job site in the US jointly owned by Gannett Co (NYSE: GCI), Tribune Company (NYSE:TRB), The McClatchy Company (NYSE: MNI) and Microsoft Corp...040000000400300004016000040160050200000002002000020020067/10/2008 5:22:20 AM1800000018016000M2 EquityBitesMCOM-0004-26559435GANNETT CO INCMCCLATCHY COMICROSOFT CORPGCIMNIMSFTNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/MCOM-0004-26531011newstex/MCOM-0004-26531011xml Jul. #, #### (M# Communications Ltd. delivered by Newstex) -- Gannett (NYSE:GCI), an international news and information company, announced on Tuesday (# July) that the company has acquired, in separate transactions, the ownership stakes...0400000004016000040160057/9/2008 5:16:10 AM1800000018016000M2 EquityBitesMCOM-0004-26531011GANNETT CO INCMCCLATCHY COGCIMNINewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-26509450newstex/PRN-0005-26509450xml SACRAMENTO, Calif., Jul. #, #### (PRNewswire-FirstCall delivered by Newstex) -- The McClatchy Company (NYSE: MNI) today reported that it has sold its ##.#% interest in ShopLocal, LLC (ShopLocal) to Gannett Company, Inc. (Gannett) for...04000000040160000401600104016048040100000401000104010005010000000102600001026003010260027/8/2008 10:18:06 AM180000001800800018004000PR Newswire USPRN-0005-26509450GANNETT CO INCMCCLATCHY COPATRICK J TALAMANTESGCIMNINewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-26374588newstex/PRN-0005-26374588xml SACRAMENTO, Calif., Jul. #, #### (PRNewswire-FirstCall delivered by Newstex) -- The McClatchy Company (NYSE: MNI) announced today that its second quarter earnings conference call will be accessible live to the media and general public...04000000040160000401601804016048040160010401000004010001010000000102600001026003010260027/1/2008 5:07:12 PM180000001800400018008000PR Newswire USPRN-0005-26374588MCCLATCHY COMNINewsNewstexhttp://www.alacrastore.com/storecontent/cs/70066cs/70066norm McClatchy Co. #Q## Tearsheet McClatchy will be able to stay on its debt reduction course over the next ## months, we think. Its #### target is a $### million cut by the end of ####.McClatchy has to cut debt to reduce interest costs...70066596YesC21Tearsheet1781tearsheets/premium136/11/2008 11:05:22 AM15070066Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/69133cs/69133norm Tribune #Q## ##Q Cut Tribune had a lousy quarter in newspapers, with total advertising revenue sinking faster than most other publishers except McClatchy Broadcasting was pulled along by the Fox Network and syndication, we think, and...691331695YesD0Article1781245881123corphy131810-Q Cuts42High Yield51LBO96Loan Market5/12/2008 12:06:46 AM150Tribune's first quarter results were worse than expected, but entirely because of the newspaper segment. Broadcasting did better than anticipated. The 10Q also disclosed data that could help investors refine measures of covenant compliance.69133Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/moodys/CMT_0000433287moodys/CMT_0000433287htmlGlobal Credit Research Issuer Comment ## APR #### Issuer Comment: McClatchy Company (The) Moody's Comments on McClatchy's Q# Earnings and Tender Offer The McClatchy Company's ("McClatchy") reported first quarter declines in revenue...4/24/2008 12:42:57 AMhtmlMcClatchy Company (The)McClatchy Company (The)806625836150.0000NewsIssuer CommentCMT_0000433287Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/cs/68270cs/68270norm McClatchy: Bonds Away! McClatchy suffered double-digit declines in revenue and EBITDA but managed to remain in compliance with the group's covenants The company is trying to buyback up to $### million face value of its shorter-dated...42High Yield4/23/2008 11:06:07 PM150McClatchy is mounting a bond tender offer to try to save interest expense and improve the group's interest coverage. The quarter featured double-digit declines in everything except retail ad and online ad sales.68270901YesC0Article1781corphy1333Capital Structure66Earnings Reports - TMT68270Credit & Investment ResearchCreditSights