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MNI > SEC Filings for MNI > Form 8-K on 4-Mar-2014All Recent SEC Filings

Show all filings for MCCLATCHY CO



Other Events, Financial Statements and Exhibits

Item 8.01. Other Events.

On March 3, 2014, the Company announced that it anticipates a cash distribution as a result of the announcement by Classified Ventures, LLC (CV) of its agreement to sell its business for $585 million in cash to CoStar Group. The transaction is expected to close in the second quarter of 2014. The Company owns a 25.6% interest in CV. A distribution approximately equal to the Company's portion of the net proceeds on the sale of is expected to total approximately $147 million, and approximately $90 million after-tax.

A copy of the Company's press release regarding the matter described above is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Number    Description

 99.1     Press release of The McClatchy Company, dated March 3, 2014.

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