McClatchy Company http://www.alacrastore.com/company-snapshot/McClatchy_Company-1010700 08 Nov 2009 11:46:08 EST 1010700 McClatchy Company en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/research/creditsights-Making_New_Media_Pay-9025990259cs/90259normArticleTemplateAt the CreditSights New York Conference, we addressed the prospects for new subscription models for old media, with particular focus on newspapers and pay television. This is a transcript of that discussion.jnewmancablevisioncbscharter_communicationscitadel_broadcastingclear_channelcomcastdirectvdiscovery_holdingdish_networkdisneyew_scrippsgannettgeneral_electricmcclatchy_companymediacom_communicationsnew_york_timesnewssinclair_broadcasttime_warnertime_warner_cabletribuneviacomcablevisioncbscharter_communicationscitadel_broadcastingclear_channelcomcastdirectvdiscovery_holdingdish_networkdisneyew_scrippsgannettgeneral_electricmcclatchy_companymediacom_communicationsnew_york_timesnewssinclair_broadcasttime_warnertime_warner_cabletribuneviacom9025925 Oct 2009 07:08:30 ESTYes90259150CreditSights Incmedia_cabletmtmedia_cabletmtPublishedTranscriptTranscript3850 Making New Media Pay The collapse of the advertising economy in the past couple of years reminded old media companies that the subscription models they do have are very attractive When they moved to the internet, newspapers started...adelphia_communicationsamc_entertainmentaolattbelobertelsmannbownebskybbtcablevisioncarmike_cinemascbscenveocharter_communicationscinemarkcitadel_broadcastingclear_channelclear_channel_outdoorcomcastcox_communicationscox_radiodeutsche_telekomdirectvdiscovery_holdingdish_networkdisneydow_jonesdreamworksebayemi_plcew_scrippsfisher_scientific_internationalfrance_telecomgannettgcigeneral_electricgeneral_motorsgmacgooglehavasiac_interactiveidearcintelsatinterpublicion_media_networksitv_plckabel_deutschlandkinder_morganliberty_medialive_nationmattelmcclatchy_companymediacom_communicationsmicrosoftnew_york_timesnewsntlomnicomonopanamsatpearsonpegasuspublicisequebecor_worldr_h_donnelleyr_r_donnelley_sonsreed_elsevierregal_entertainmentreuters_plcrtlsessinclair_broadcastsirius_xmsonysprint_nexteltelefonicateliasoneraticketmastertime_warnertime_warner_cabletivotribuneunity_mediaunivisionupc_holdingvalassisverizonviacomvirgin_mediavivendivnuvodafonewashington_postwolters_kluwerwppyahooCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-NYT_Sales_May_Suck_But_How_8216_Bout_Those_Cost_Cuts-9021590215cs/90215normArticleTemplateThe New York Times got a huge boost from its cost-cutting efforts of the past year along with falling newsprint prices. Advertising sales remained poor, but the subscribers continue to put a premium on the group's content.jnewmanmcclatchy_companynew_york_timesnew_york_timesmcclatchy_company9021522 Oct 2009 11:09:00 ESTYes90215150CreditSights Incunited_statesunited_statesmedia_cablenewspapers_print_mediatmtmedia_cablenewspapers_print_mediatmtPublishedcapital_structureearningshigh_yieldcapital_structureearningshigh_yield NYT Sales May Suck, But How ‘Bout Those Cost Cuts? Cost control ruled the results for The New York Times, boosting consolidated EBITDA for the first time in two years Management also slightly raised its targets for cost savings...EarningsNoteEarnings Note1445Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Nice_Bottom_Line_Too_Bad_About_McClatchy_8217_s_Sales-8989289892cs/89892normArticleTemplateMcClatchy eked out an EBITDA advance in the third quarter in spite of overwhelmingly negative print advertising environment. Cost discipline showed through, as well as benefit from falling newsprint prices.jnewmanmcclatchy_companymcclatchy_company8989215 Oct 2009 11:08:27 ESTYes89892150CreditSights Incunited_statesunited_statesmedia_cablenewspapers_print_mediatmtmedia_cablenewspapers_print_mediatmtPublishedcapital_structureearningshigh_yieldleveraged_financecapital_structureearningshigh_yieldleveraged_financeEarningsNoteEarnings Note1403 Nice Bottom Line, Too Bad About McClatchy’s Sales McClatchy again demonstrated what we believe is the best cost control in the newspaper industry McClatchy logged marginally better advertising trends as the shrinkage of ad sales...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/B2435372B2435372ccbn/B2435372norm15 Oct 2009 03:05:00 EST2435372Edited Brief of MNI earnings conference call or presentation, 15-Oct-09 9:00am PTThe McClatchy Company54.0000EditedThe McClatchy Company Q3 2009 Earnings Conference Call SummaryMNI9:00am PTBrief...Elaine Lintecum The McClatchy Company - IR Gary Pruitt The McClatchy Company - Chairman & CEO Pat Talamantes The McClatchy Company - VP & CFO Chris Hendricks The McClatchy Company - VP - Interactive Media... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T2435372T2435372ccbn/T2435372norm15 Oct 2009 02:13:00 EST2435372Final Transcript of MNI earnings conference call or presentation, 15-Oct-09 9:00am PTThe McClatchy Company54.0000FinalThe McClatchy Company Q3 2009 Earnings Conference Call TranscriptMNI9:00am PTTranscript...Elaine Lintecum The McClatchy Company - IR Gary Pruitt The McClatchy Company - Chairman & CEO Pat Talamantes The McClatchy Company - VP & CFO Chris Hendricks The McClatchy Company - VP - Interactive Media... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/bir/6629566295bir/66295norm17McClatchy Co.The Sacramento BeeFresno BeeModesto BeeThe McClatchy CompanyDaily Record Inc.Cowles Media Co.Legi-Tech Inc.McClatchy Newspapers Inc.MNI Newco Inc.Knight RidderKnightRidderKnight Ridder Newspapers Inc.Knight Newspapers Inc.Ridder Publications Inc.Knight Ridder Inc.Knight Publishing Co.Knight-Ridder-Tribune News Information ServicesUnited States13 Oct 2009 06:20:24 ESTMcClatchy Co. began in the California Gold Rush era of 1857 when James McClatchy was one of the founding editors of its first newspaper, The Sacramento Bee. Originally incorporated in California as McClatchy Newspapers Inc., The Sacramento Bee, The FresnoNYSE511110K2711I32311951114027592741MNIMcClatchy Co. began in the California Gold Rush era of 1857 when James McClatchy was one of the founding editors of its first newspaper, The Sacramento Bee. Originally incorporated in California as McClatchy Newspapers Inc., The Sacramento Bee, The FresnoCompany Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/fitch/509019_pr_frame509019_pr_framefitch/509019_pr_framehtmlDiscovery Communications, LLCWarner Music Group CorpCapital Cities/ABC, IncorporatedAMC Entertainment Inc.The Walt Disney CompanyOmnicom Finance, Inc.News Corporation Finance Trust IIUnivision Communications, Inc.Nielsen Finance LLCWmg Holdings CorpQVC IncOmnicom Group Inc.Viacom, Inc.CBS CorporationWmg Acquisition CorpNews CorporationTime Warner, Inc.The Nielsen Company BVNews America IncCox Communications, Inc.R. R. Donnelley & Sons CompanyOmnicom Capital, Inc.Liberty Media LLCOmnicom Finance PlcThe Dun & Bradstreet CorporationThe Interpublic Group of Cos., Inc.Regal Cinemas CorporationMcClatchy CompanyDiscovery Communications Holding LLCMarquee Holdings Inc.Reuters Finance plcCox Enterprises, Inc.Regal Entertainment Group, Inc.The McGraw-Hill CompaniesAMC Entertainment Holdings, Inc.Cox Radio, Inc.Belo CorporationCBS Broadcasting, Inc.Thomson Reuters Corp.Time Warner Finance IrelandDisney Enterprises Incorporated870279528450329584709483800912868696855180089180832814648729577880361431808334188009050680091743800892148083341180881034808334048328146180090559858564758008912880090284831778158009180680089662800904258470947580089263827278798686254288232463800905688597987380090149868625578008940783281476882324728344446882699276827279678009127916 Sep 2009 02:17:00 EST0103160001032100010304000103070085Press ReleaseTRIBLCMNIOMCVIACBSTWXDNBDISWMGMHPRRDNWSRGCIPGFitch 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.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/508998_pr_frame508998_pr_framefitch/508998_pr_framehtmlWmg Acquisition CorpAMC Entertainment Inc.Nielsen Finance LLCCBS CorporationTime Warner Finance IrelandDisney Enterprises IncorporatedOmnicom Group Inc.Regal Cinemas CorporationLive Nation, Inc.Marquee Holdings Inc.Wmg Holdings CorpRegal Entertainment Group, Inc.Belo CorporationTime Warner Cable Inc.Cox Communications, Inc.Omnicom Capital, Inc.Omnicom Finance PlcUnivision Communications, Inc.QVC IncDiscovery Communications Holding LLCWarner Music Group CorpAMC Entertainment Holdings, Inc.Viacom, Inc.Cox Enterprises, Inc.Time Warner Entertainment CompanyThe Dun & Bradstreet CorporationLiberty Media LLCThomson Reuters Corp.Omnicom Finance, Inc.Time Warner, Inc.Capital Cities/ABC, IncorporatedNews CorporationR. R. Donnelley & Sons CompanyMcClatchy CompanyCox Radio, Inc.The Walt Disney CompanyThe McGraw-Hill CompaniesReuters Finance plcNews America IncNews Corporation Finance Trust IIThe Interpublic Group of Cos., Inc.CBS Broadcasting, Inc.Time Warner NY Cable LLCThe Nielsen Company BVDiscovery Communications, LLC82727879803614318696855180089263800902848009180680833418800917438009042583177815880738658088103480091279882324728009056883281476808334048009055984503295809506648702795284709475847094838686255787295778834444688693297288232463800891808585647580090506800912868008912983281461800901498597987382727967800894078328146480089214800896628269927680089128868625428083341116 Sep 2009 10:19:00 EST0103160001030700010321000103040085Press ReleaseBLCRGCWMGTRITWXIPGLYVMNIRRDOMCDISDNBMHPVIANWSTWCCBSFitch 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.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/508996_pr_frame508996_pr_framefitch/508996_pr_framehtmlTime Warner Entertainment CompanyTime Warner Finance IrelandUnivision Communications, Inc.Discovery Communications Holding LLCDiscovery Communications, LLCAMC Entertainment Inc.Time Warner Cable Inc.Liberty Media LLCOmnicom Finance PlcCBS Broadcasting, Inc.The Dun & Bradstreet CorporationQVC IncWmg Holdings CorpRegal Entertainment Group, Inc.Cox Communications, Inc.The Walt Disney CompanyOmnicom Group Inc.Disney Enterprises IncorporatedMarquee Holdings Inc.Regal Cinemas CorporationThomson Reuters Corp.News America IncCox Radio, Inc.Belo CorporationTime Warner NY Cable LLCCBS CorporationAMC Entertainment Holdings, Inc.Cox Enterprises, Inc.Omnicom Finance, Inc.Omnicom Capital, Inc.The McGraw-Hill CompaniesReuters Finance plcWmg Acquisition CorpTime Warner, Inc.Warner Music Group CorpNews Corporation Finance Trust IIThe Interpublic Group of Cos., Inc.News CorporationMcClatchy CompanyCapital Cities/ABC, IncorporatedR. R. Donnelley & Sons CompanyViacom, Inc.83281476808334048597987388232463800894078009055980091286800901498083341180091743834444688036143180833418800905068008912885856475800892148269927680089180800892638272787980091279869685518088103484709483800896628317781580090284800891298009180686932972800904258702795283281461882324728095066482727967800905688328146487295778845032958470947516 Sep 2009 10:19:00 EST0103040001030700010316000103210085Press ReleaseWMGCBSDNBVIATWCMHPTRIOMCTWXDISMNIRRDNWSIPGBLCRGCFitch 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.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/466172_report_frame466172_report_framefitch/466172_report_framepdfCox Enterprises, Inc.Discovery Communications Holding LLCRegal Cinemas CorporationCBS Broadcasting, Inc.Thomson Reuters Corp.Warner Music Group CorpLiberty Media LLCViacom, Inc.News America IncThe Interpublic Group of Cos., Inc.Capital Cities/ABC, IncorporatedDiscovery Communications, LLCTime Warner Entertainment CompanyMcClatchy CompanyAMC Entertainment Inc.The Walt Disney CompanyRegal Entertainment Group, Inc.The Dun & Bradstreet CorporationOmnicom Group Inc.R. R. Donnelley & Sons CompanyThe Nielsen Company BVNews Corporation Finance Trust IINews CorporationWmg Holdings CorpCBS CorporationOmnicom Finance, Inc.Reuters Finance plcOmnicom Capital, Inc.Disney Enterprises IncorporatedMarquee Holdings Inc.Wmg Acquisition CorpOmnicom Finance PlcThe McGraw-Hill CompaniesCox Radio, Inc.QVC IncAMC Entertainment Holdings, Inc.Belo CorporationUnivision Communications, Inc.Time Warner, Inc.83444468800894078009055983281476826992768036143180089662832814648470947580833411800901498009042586862542800891808729577880833404808334188008912880090506869685518317781580089214858564758009056884503295847094838272787980089129859798738009180682727967882324638009028480091743800912868328146180091279870279528823247216 Sep 2009 10:19:00 EST01030400010316000103070001032100275Special ReportBLCOMCRRDDISWMGMNIDNBNWSRGCVIAMHPIPGCBSTWXTRIFitch 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.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/464252_report_frame464252_report_framefitch/464252_report_framepdfNews Corporation Finance Trust IIOmnicom Finance PlcBelo CorporationNews CorporationUnivision Communications, Inc.Wmg Holdings CorpCox Communications, Inc.Nielsen Finance LLCThe Interpublic Group of Cos., Inc.Marquee Holdings Inc.Regal Cinemas CorporationWmg Acquisition CorpRegal Entertainment Group, Inc.Omnicom Finance, Inc.Discovery Communications Holding LLCAMC Entertainment Holdings, Inc.Thomson Reuters Corp.News America IncTime Warner Finance IrelandMcClatchy CompanyDisney Enterprises IncorporatedThe Walt Disney CompanyOmnicom Group Inc.R. R. Donnelley & Sons CompanyThe McGraw-Hill CompaniesLiberty Media LLCThe Nielsen Company BVAMC Entertainment Inc.Cox Enterprises, Inc.CBS Broadcasting, Inc.Reuters Finance plcOmnicom Capital, Inc.Time Warner, Inc.CBS CorporationViacom, Inc.Warner Music Group CorpCox Radio, Inc.The Dun & Bradstreet CorporationDiscovery Communications, LLCCapital Cities/ABC, Incorporated8009056880833404827279678088103480091279808334188470948380090284800912868008921480361431800894078823247287295778800891808009174385979873868625578317781580089128870279528585647580090559808334118686254280090425800918068696855180090506847094758328146483281461832814768344446888232463826992768008966280089263827278798009014910 Sep 2009 06:33:00 EST01032100010316000103070001030400275Special ReportVIARGCTRIWMGCBSBLCIPGNWSTWXRRDOMCMNIDISMHPDNBFitch 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.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/creditsights-McClatchy_Co_2Q09_Tearsheet-8797487974cs/87974normTearsheetTemplatejnewmanmcclatchy_company8797408 Sep 2009 11:09:00 ESTYes87974150CreditSights Incunited_statestmtnewspapers_print_mediamedia_cablePublishedhigh_yieldTearsheetTearsheet945 McClatchy Co. #Q## Tearsheet McClatchy's newspapers are mainly in metro areas where many alternate news sources create more secular pressure than at other newspaper publishers. Management has done a good job slashing costs and will...Credit & Investment ResearchCreditSightsUS - In August ####, Knight Ridder Inc, a unit of McClatchy Co, announced that it was seeking a buyer for its bankrupt Philadelphia Newspapers Inc unit, a Philadelphia-based publisher of newspapers.13 Aug 2009 08:55:35 EST81572I71775H81572I579489Seeking BuyerPhiladelphia Newspapers IncSeeking BuyerMcClatchy Cohttp://www.alacrastore.com/storecontent/Thomson_M%26A/McClatchy_Co_seeking_buyer_for_Philadelphia_Newspapers_Inc-2098814020sdc/20988140202098814020Copyright © 2009, Thomson Financial, All Rights ReservedInvestment & Commodity Firms,Dealers,ExchangesUnknownInvestors, nec6799UNUnknownPrivate6799:Investors, nec6799:Investors, necPrinting, Publishing, and Allied ServicesUnited StatesNewspapers: publishing, or publishing & printing2711PAPennsylvaniaSubsidiary12029001Seeking buyerPublishing coNot ApplicableAssets542009001Aug 13 20090.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.00000Seeking buyerSeeking buyerSeeking buyer1.000002.000003.000004.00000Philadelphia Newspapers Inc,located in Philadelphia,Pennsylvania, publishesnewspapers.Philadelphia Newspapers Inc, located in Philadelphia,Pennsylvania, publishes newspapers.Philadelphia Newspapers Inc, located in Philadelphia, Pennsylvania, publishes newspapers.0.000000.000000.000000.00000N11 Aug 09Tue, 11 Aug 2009 00:00:00 ESTDate Announced: 08/11/2009Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000US - In August 2009, KnightRidder Inc, a unit ofMcClatchy Co, announced thatit was seeking a buyer forits bankrupt PhiladelphiaNewspapers Inc unit, aPhiladelphia-based publisherof newspapers.US - In August 2009, Knight Ridder Inc, a unit of McClatchy Co, announced that it was seeking a buyer for its bankrupt Philadelphia Newspapers Inc unit, a Philadelphia-based publisher of newspapers.US - In August 2009, Knight Ridder Inc, a unit of McClatchy Co, announced that it wasseeking a buyer for its bankrupt Philadelphia Newspapers Inc unit, a Philadelphia-basedpublisher of newspapers.US - In August 2009, Knight Ridder Inc, a unit of McClatchy Co, announced that it was seeking a buyer for its bankrupt Philadelphia Newspapers Inc unit, a Philadelphia-based publisher of newspapers.US - In August 2009, Knight Ridder Inc, a unit of McClatchy Co, announced that it was seeking a buyer for its bankrupt PhiladelphiaNewspapers Inc unit, a Philadelphia-based publisher of newspapers.S Buyer0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:S Buyer-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002711:Newspapers: publishing, or publishing & printing12029001Unknown6799UnknownPrivate2711: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 InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/research/creditsights-The_New_York_Times_2Q09_Down_Is_The_New_Flat-8682886828cs/86828normArticleTemplateThe New York Times saw marginal signs that reeling revenues might find a bottom in the third quarter. Cost savings softened the quarterly sting, with management aiming for larger savings in the second half.jnewmannew_york_timesmcclatchy_companygannett8682823 Jul 2009 11:10:14 ESTYes86828150CreditSights Incunited_statesmedia_cabletmtnewspapers_print_mediaPublishedma_activityearningsleveraged_financehigh_yieldCompanyCommentCompany Article1628 The New York Times #Q##: Down Is The New Flat The New York Times expects some slight deceleration in the rate of decline of advertising in the third quarter of #### The group increased its guidance for cost savings in ####, though...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-McClatchy_Resets_Covenant_Expectations-8667886678cs/86678normArticleTemplateMcClatchy posted pleasant results on the back of convincing cost controls, allowing the company to state it could remain in compliance with its bank covenants in 2009.jnewmanmcclatchy_company8667822 Jul 2009 03:10:25 ESTYes86678150CreditSights Incunited_statestmtmedia_cablenewspapers_print_mediaPublishedcapital_structureearningsleveraged_financehigh_yieldEarningsNoteEarnings Note1605 McClatchy Resets Covenant Expectations McClatchy surprised the market with a stellar show of cost reduction and the company sees sustained cost discipline through the end of the year The group's advertising sales performance was little...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/B2315905B2315905ccbn/B2315905norm21 Jul 2009 02:07:00 EST2315905Edited Brief of MNI earnings conference call or presentation, 21-Jul-09 11:00am ETThe McClatchy Company54.0000EditedThe McClatchy Company Q2 2009 Earnings Conference Call SummaryMNI11:00am ETBrief...Elaine Lintecum The McClatchy Company - IR Gary Pruitt The McClatchy Company - Chairman and CEO Patrick Talamantes The McClatchy Company - VP and CFO Chris Hendricks The McClatchy Company - VP, Interactive Media CONFERENCE CALL PARTICIPANTS... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T2315905T2315905ccbn/T2315905norm21 Jul 2009 02:07:00 EST2315905Final Transcript of MNI earnings conference call or presentation, 21-Jul-09 11:00am ETThe McClatchy Company54.0000FinalThe McClatchy Company Q2 2009 Earnings Conference Call TranscriptMNI11:00am ETTranscript...Elaine Lintecum The McClatchy Company - IR Gary Pruitt The McClatchy Company - Chairman and CEO Patrick Talamantes The McClatchy Company - VP and CFO Chris Hendricks The McClatchy Company - VP, Interactive Media C O N F E R E N C E C A L L P A R T I C I P A N T S... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/fitch/458246_report_frame458246_report_framefitch/458246_report_framepdfSUPERVALU Inc.TRW Automotive Holdings Corp.FairPoint Communications, Inc.Blockbuster, Inc.Chrysler Financial Services Americas LLCCommunity Health Systems, Inc.Qwest Communications International, Inc.Newfield Exploration CompanyNova Chemicals IncMcClatchy CompanyToys R Us, Inc.The CIT Group, Inc.The Goodyear Tire & Rubber CompanyEdison Mission Energy CompanyPioneer Natural Resources CompanyUCBH Holdings, Inc.Level 3 Communications, Inc.AMCORE Financial, Inc.Midwest Generation, LLCThe Bon-Ton Stores, Inc.Sprint Nextel CorpCentral Pacific Financial Corp.ArvinMeritor, Inc.80088920812749358141630880089884800920878344446880090103800914658009107480417179814152698138986680090202800902198009029486730926800910308205646085917873807760018138986385791473818273988287854910 Jul 2009 06:34:00 EST0102120001030300010310000103170001031300010311000101010001010000010102050103070001030400275NewsletterSPXDCITARMQMNINFXCYHBONTFRPCPFTRWAMFIUCBHBBILVLTSVUGTFitch 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.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/453146_report_frame453146_report_framefitch/453146_report_framepdfMcClatchy CompanyNews CorporationRegal Entertainment Group, Inc.Wmg Holdings CorpNews Corporation Finance Trust IILiberty Media LLCSix Flags Theme Parks Inc.Wmg Acquisition CorpBelo CorporationNews America IncCBS CorporationR. H. Donnelley CorporationHearst Television Inc.AMC Entertainment Holdings, Inc.Cox Communications, Inc.AMC Entertainment Inc.R. R. Donnelley & Sons CompanyThe Walt Disney CompanyNielsen Finance LLCDEX Media, Inc.Regal Cinemas CorporationCapital Cities/ABC, IncorporatedTime Warner Finance IrelandThe Interpublic Group of Cos., Inc.Marquee Holdings Inc.R.H. Donnelley, Inc.CBS Broadcasting, Inc.Warner Music Group CorpCox Enterprises, Inc.Omnicom Group Inc.DEX Media West LLCCox Radio, Inc.Disney Enterprises IncorporatedUnivision Communications, Inc.Time Warner, Inc.Six Flags, Inc.QVC IncSIX Flags Operations, Inc.The Dun & Bradstreet CorporationThomson Reuters Corp.Viacom, Inc.The Nielsen Company BVThe McGraw-Hill Companies8229630882724474868625578328146482727967808810348009174380833404832814618328147683444468800891808699879980089128869685518286163580613238870279528450329585979873800901498008940780090559800905068272448080091806827278798036143184709475811534358470948380089662800912798269927687295778806704908008921480089263808334188585647580833411868625428009056802 Jul 2009 02:18:00 EST010307000103040001032100275Special ReportMNIRRDDNBOMCNWSSIXFQMHPRHDCVIACBSWMGRGCBLCDISIPGTWXTRIFitch 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.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/creditsights-Key_Signal_Reviews_MNI_Company_Review-8583785837cs/85837normArticleTemplateWe use BondScore to showcase model output for McClatchy and its peers in the publishing space, evaluating MNI’s credit risk profile in comparison with its peers and examine some of the signals that BondScore has generated.jnewmancreditsights_staffmcclatchy_company8583701 Jul 2009 05:08:34 ESTYes85837150CreditSights Incunited_statestmtnewspapers_print_mediamedia_cablePublishedbondscorehigh_yieldKeySignalReviewKey Signal Reviews1054 Key Signal Reviews: MNI Company Review With a CRE of ##.##%, MNI is more risky than all of the comparable firms in its sector. MNI is considered a potential default risk due to EBITDA deterioration and high leverage multiples which...Credit & Investment ResearchCreditSights