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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: August 1, 1995
McCLATCHY NEWSPAPERS, INC.
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(Exact name of registrant as specified in its charter)
California 1-9824 94-0666175
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
2100 "Q" Street, CA 95816
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(Address of principal executive offices) (Zip Code)
(916) 321-1846
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(Registrant's telephone number,
including area code)
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Item 2. Acquisition or Disposition of Assets
On August 1, 1995, the Registrant acquired The News and Observer
Publishing Company (N&O), publisher of The (Raleigh) News and Observer, seven
other publications in North Carolina and NandO.net, an online service. The
transaction is described in notes 3 and 10 to the Company's consolidated
financial statements filed on Form 10-Q for the quarter ended June 30, 1995
which is incorporated herein by reference.
The bank credit agreement entered into to finance a portion of the
purchase price is with Bank of America, NT&SA.
Erwin Potts, the Registrant's chairman and chief executive officer,
was a member of the board of directors of The News and Observer Publishing
Company from October 1990 to March 1995, and was paid $12,000 annually for his
service. Mr. Potts resigned from N&O's board prior to the Registrant's offer to
purchase N&O.
Item 7. Financial Statements and Exhibits.
(a) 4.0 See note 10 to the consolidated financial statements
filed on the Company's Form 10-Q for the period
ending June 30, 1995, incorporated herein by
reference.
(c) Exhibits
99.1 Notes 3 and 10 in Item 1, Part I of the Company's
Form 10-Q for the quarterly period ended June 30,
1995, filed with the Securities and Exchange
Commission on August 14, 1995 and incorporated
herein by reference.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: August 16, 1995
McClatchy Newspapers, Inc.
By /s/ James P. Smith
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Vice President, Finance
and Treasurer