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The Mcclatchy Company
The McClatchy Company is a publicly traded company listed on the New York Stock Exchange under the ticker symbol MNI. The company is a leading publisher of newspapers and digital media in the United States, with a portfolio of well-known publications such as the Miami Herald, The Kansas City Star, and the Sacramento Bee, among others.
Here are some key facts and figures about The McClatchy Company:
* Founded in 1857, The McClatchy Company has a long history of journalistic excellence and innovation.
* The company operates in 14 states and has a combined daily circulation of over 1.6 million.
* In addition to its print publications, McClatchy operates several digital news sites and mobile apps, including Newsplex, a platform that provides users with personalized news feeds based on their interests.
* McClatchy has received numerous awards for its journalism, including several Pulitzer Prizes.
* The company has been recognized for its commitment to diversity and inclusion in the workplace, earning a perfect score on the Human Rights Campaign's Corporate Equality Index for LGBTQ+ rights.
* McClatchy's revenue primarily comes from advertising and subscription-based revenue streams, with a shift toward digital subscriptions in recent years.
* In 2020, the company underwent a Chapter 11 bankruptcy restructuring, emerging from bankruptcy in June of that year with reduced debt and a refinancing plan in place.
* The McClatchy Company has a market capitalization of around $120 million and is included in the Russell 2000 Index of small-cap stocks.
* Institutional investors such as BlackRock, Vanguard Group, and State Street Global Advisors hold significant stakes in the company.
In conclusion, The McClatchy Company is a well-respected media organization with a long history and a commitment to journalistic excellence. While the company has faced challenges in recent years due to the decline of print media, it is exploring new models and technologies to stay relevant in the industry.