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The McClatchy Co. was born as the publisher of The Sacramento Bee in 1857. Today, it is the third-largest newspaper publisher in the country, with 30 daily newspapers in 15 states. Since the purchase of Knight Ridder in 2006, McClatchy has shed properties and redoubled its efforts to figure out life as a communications giant in an increasingly post-print world. The company — which still has members of the founding family on the board — has navigated the turmoil in the media industry by whittling down merger debt in part through the sale of real estate and accelerated its investments and focus on digital news and advertising products and services. McClatchy is profitable, reporting net income of $24.8 million for the first six months of 2012, compared to $3 million in the same period a year ago.

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