SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 1)*
MCCLATCHY NEWSPAPERS, INC.
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(Name of Issuer)
CLASS A COMMON STOCK
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(Title of Class of Securities)
579489-10-5
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(CUSIP Number)
Karole Morgan-Prager, Esq.
General Counsel and Corporate Secretary
McClatchy Newspapers, Inc.
2100 Q Street
P.O. Box 15779
Sacramento, California 95852
(916) 321-1828
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
NOVEMBER 13, 1997
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for
other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 579489-10-5 13D Page 2 of 17 Pages
1. NAME OF REPORTING PERSONS. William M. Roth
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. SOURCE OF FUNDS Not applicable
________________________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |_|
________________________________________________________________________________
6. CITIZENSHIP OR PLACE OF ORGANIZATION United States
________________________________________________________________________________
NUMBER OF 7. SOLE VOTING POWER 16,814
SHARES _____________________________________________________
BENEFICIALLY
OWNED BY 8. SHARED VOTING POWER 12,500,000
EACH _____________________________________________________
REPORTING
PERSON 9. SOLE DISPOSITIVE POWER 16,814
WITH _____________________________________________________
10. SHARED DISPOSITIVE POWER 12,500,000
________________________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 12,516,814
________________________________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES |_|
________________________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 57.1%
________________________________________________________________________________
14. TYPE OF REPORTING PERSON IN
________________________________________________________________________________
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CUSIP No. 579489-10-5 13D Page 3 of 17 Pages
AMENDMENT NO. 1 TO SCHEDULE 13D
William M. Roth hereby amends and restates his statement on Schedule
13D, as originally filed with the Securities and Exchange Commission (the
"Commission") on February 1, 1990 (the "Initial Statement") relating to his
beneficial ownership of the Class A Common Stock, par value $0.01 per share (the
"Class A Common Stock"), of McClatchy Newspapers, Inc. All shareholdings herein
reflect the 25% (five-for-four) stock dividend on the Company's Class A and
Class B Common Stock paid on January 2, 1997 to stockholders of record on
December 12, 1996:
ITEM 1. SECURITY AND ISSUER
(a) Title of class of equity securities: Class A Common
Stock, $0.01 par value.
(b) Name of issuer: McClatchy Newspapers, Inc.
(c) Address of principal executive office of the issuer:
2100 Q Street
Sacramento, CA 95816
ITEM 2. IDENTITY AND BACKGROUND
(a) Name: WILLIAM M. ROTH
(b) Residence or business address:
McClatchy Newspapers, Inc.
2100 Q Street
P.O. Box 15779
Sacramento, CA 95852
(c) Present principal occupation or employment and the name,
principal business and address of any corporation or other
organization in which such employment is conducted:
William M. Roth is retired.
(d) William M. Roth, during the last five years has not
been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) William M. Roth, during the last five years has not
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction
resulting in a judgment, decree or final order
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CUSIP No. 579489-10-5 13D Page 4 of 17 Pages
enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or
finding any violation with respect to such laws.
(f) Citizenship: United States
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Not applicable. (See Items 4 and 5(a).)
ITEM 4. PURPOSE OF TRANSACTION
William M. Roth became one of five co-trustees of five
separate trusts established for the benefit of McClatchy family
members. Sole voting and dispositive power of the five trusts, each
containing 2,500,000 shares of Class B Common Stock of McClatchy
Newspapers, Inc. was held by Charles K. McClatchy until his death on
April 16, 1989. By written appointment of successor trustees dated July
19, 1982, Charles K. McClatchy appointed Erwin Potts, William Ellery
McClatchy, James B. McClatchy, William K. Coblentz and William M. Roth
to succeed him as co-trustees. Said persons became co-trustees of each
of said trusts by reason of the death of Charles K. McClatchy on April
16, 1989, and as a result share voting and dispositive power over the
shares in said trusts.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Amount beneficially owned: 12,516,814
Percent of Class: 57.1%
12,500,000 of the shares which are the subject of this
Schedule 13-D are beneficially owned pursuant to the
provisions of five trusts over which Erwin Potts, William K.
Coblentz, James B. McClatchy, William Ellery McClatchy and
William M. Roth share joint voting and dispositive power.
The filing of this Amendment No. 1 to the Schedule 13-D shall
not be construed as an admission that William M. Roth is, for
the purpose of Section 13(d) and 13(g) of the Act, the
beneficial owner of such 12,500,000 shares.
(b) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
16,814
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CUSIP No. 579489-10-5 13D Page 5 of 17 Pages
(ii) shared power to vote or to direct the vote:
12,500,000
(iii) sole power to dispose or to direct the
disposition of: 16,814
(iv) shared power to dispose or to direct the
disposition of: 12,500,000
The following information applies to those persons with whom the power
to vote or to direct the vote or to dispose or direct the disposition is shared:
(1) o Name: JAMES B. MCCLATCHY
o Residence or business address:
McClatchy Newspapers, Inc.
2100 Q Street
P.O. Box 15779
Sacramento, CA 95852
o Present principal occupation or employment and
the name, principal business and address of any
corporation or other organization in which such
employment is conducted: Publisher, McClatchy
Newspapers, Inc., a Delaware corporation, with
principal offices at 2100 Q Street, Sacramento,
CA 95816, the primary business of which is
newspaper publishing.
o James B. McClatchy, during the last five years
has not been convicted in a criminal proceeding
(excluding traffic violations or similar
misdemeanors).
o James B. McClatchy, during the last five years
has not been a party to a civil proceeding of a
judicial or administrative body of competent
jurisdiction resulting in a judgment, decree or
final order enjoining future violations of, or
prohibiting or mandating activities subject to,
federal or state securities laws or finding any
violation with respect to such laws.
o Citizenship of James B. McClatchy: United States
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CUSIP No. 579489-10-5 13D Page 6 of 17 Pages
(2) o Name: WILLIAM ELLERY McCLATCHY
o Residence or business address:
c/o McClatchy Newspapers, Inc.
2100 Q Street
P.O. Box 15779
Sacramento, CA 95852
o Present principal occupation or employment and the
name, principal business and address of any
corporation or other organization in which such
employment is conducted: Self-employed as a design
architect with business address of 246 Sea Spray,
Palm Beach, FL 33480.
o William Ellery McClatchy, during the last five years
has not been convicted in a criminal proceeding
(excluding traffic violations or similar
misdemeanors).
o William Ellery McClatchy, during the last five
years has not been a party to a civil proceeding
of a judicial or administrative body of competent
jurisdiction resulting in a judgment, decree or
final order enjoining future violations of, or
prohibiting or mandating activities subject to,
federal or state securities laws or finding any
violation with respect to such laws.
o Citizenship of William Ellery McClatchy: United
States
(3) o Name: WILLIAM K. COBLENTZ
o Residence or business address:
222 Kearny Street, 7th Floor
San Francisco, CA 94108
o Present principal occupation or employment and
the name, principal business and address of any
corporation or other organization in which such
employment is conducted: William K. Coblentz is
an attorney at law and senior partner in the law
firm (professional corporation) of Coblentz,
Cahen, McCabe & Breyer, with officers located at
222 Kearny Street, 7th Floor, San Francisco, CA
94108.
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CUSIP No. 579489-10-5 13D Page 7 of 17 Pages
o William K. Coblentz, during the last five years has
not been convicted in a criminal proceeding
(excluding traffic violations or similar
misdemeanors).
o William K. Coblentz, during the last five years
has not been a party to a civil proceeding of a
judicial or administrative body of competent
jurisdiction resulting in a judgment, decree or
final order enjoining future violations of, or
prohibiting or mandating activities subject to,
federal or state securities laws or finding any
violation with respect to such laws.
o Citizenship of William K. Coblentz: United States
(4) o Name: ERWIN POTTS
o Residence or business address:
McClatchy Newspapers, Inc.
2100 Q Street
P. 0. Box 15779
Sacramento, CA 95852
o Present principal occupation or employment and
the name, principal business and address of any
corporation or other organization in which such
employment is conducted: Chairman of the Board,
McClatchy Newspapers, Inc., a Delaware
corporation, with principal offices at 2100 Q
Street, Sacramento, CA 95816, the primary
business of which is newspaper publishing.
o Erwin Potts during the last five years has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
o Erwin Potts during the last five years has not
been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction
resulting in a judgment, decree or final order
enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state
securities laws or finding any violation with
respect to such laws.
o Citizenship of Erwin Potts: United States.
(c) None.
(d) Only those persons identified in Item 5(b) above.
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CUSIP No. 579489-10-5 13D Page 8 of 17 Pages
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE
ISSUER.
The Stockholders Voting Agreement (the "Agreement") by and
among Cowles Media Company, a Delaware corporation ("Cowles"), and
certain stockholders of McClatchy Newspapers, Inc., a Delaware
corporation ("McClatchy"), listed below (each a "Stockholder" and,
collectively, the "Stockholders") was originally entered into on
November 13, 1997 and amended and restated on November 26, 1997. The
Stockholders include: James B. McClatchy, William K. Coblentz, William
Ellery McClatchy, William M. Roth, Erwin Potts, Molly Maloney
Evangelisti, and Betty Lou Maloney.
Pursuant to Section 2(a) of the Agreement, at any meeting of
the stockholders of McClatchy, or any adjournment thereof, called to
vote upon the Reorganization (as defined in the Agreement and Plan of
Reorganization dated as of November 13, 1997 between Cowles and
McClatchy (the "Merger Agreement")), in which a wholly owned subsidiary
of McClatchy ("Newco Holding") will acquire all of the stock of each of
McClatchy and Cowles through mergers of wholly owned subsidiaries of
Newco Holding with and into each of McClatchy and Cowles, or at any
adjournment thereof or in any other circumstances upon which a vote,
consent or other approval (including by written consent) with respect
to the Reorganization and the Merger Agreement is sought, the
Stockholder shall vote (or cause to be voted), or execute a written
consent in respect of, the Subject Shares (as defined in the Merger
Agreement) in favor of the Reorganization, the adoption by McClatchy of
the Merger Agreement and the approval of the terms thereof and each of
the other transactions contemplated by the Merger Agreement.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1. Stockholders Voting Agreement among Cowles
Media Company and certain stockholders of
McClatchy Newspapers, Inc. dated
November 26, 1997.
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CUSIP No. 579489-10-5 13D Page 9 of 17 Pages
AMENDMENT NO. 1 TO SCHEDULE 13D
S I G N A T U R E
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: November 24, 1997 By: /s/William M. Roth
----------------------------------
William M. Roth
EXHIBIT 1
STOCKHOLDERS VOTING AGREEMENT
STOCKHOLDERS VOTING AGREEMENT (this "Agreement") dated as of November
26, 1997, among COWLES MEDIA COMPANY, a Delaware corporation ("Cowles"), on the
one hand, and certain stockholders of MCCLATCHY NEWSPAPERS, INC., a Delaware
corporation ("McClatchy"), listed on Schedule A hereto (each a "Stockholder"
and, collectively, the "Stockholders"), on the other hand.
WHEREAS, this Agreement was originally executed on November 13, 1997
and as a result of the need to amend Section 5 hereof, this Agreement is being
amended and restated in its entirety as provided herein;
WHEREAS, Cowles and McClatchy propose to enter into an Agreement and
Plan of Reorganization dated as of the date hereof (as the same may be amended
or supplemented, the "Merger Agreement"; capitalized terms used but not defined
herein shall have the meanings set forth in the Merger Agreement) providing that
a wholly owned subsidiary of McClatchy ("Newco Holding") will acquire all of the
stock of each of McClatchy and Cowles through mergers of wholly owned
subsidiaries of Newco Holding with and into each of McClatchy and Cowles (the
"Reorganization"), upon the terms and subject to the conditions set forth in the
Merger Agreement;
WHEREAS, each Stockholder owns of record the number of shares of Class
B Common Stock, par value $.01 per share, of McClatchy (the "Class B Common
Stock") set forth opposite its name on Schedule A attached hereto (the "Subject
Shares");
WHEREAS, as a condition to its willingness to enter into the Merger
Agreement, Cowles has required that each Stockholder enter into this Agreement.
NOW, THEREFORE, to induce Cowles to enter into, and in consideration of
its entering into, the Merger Agreement, and in consideration of the premises
and the representations, warranties and agreements contained herein, the parties
agree as follows:
1. REPRESENTATIONS AND WARRANTIES OF EACH STOCKHOLDER. Each Stockholder
hereby, severally and not jointly, represents and warrants to Cowles as of the
date hereof in respect of itself as follows:
(a) AUTHORITY. The Stockholder has all requisite power and authority to
enter into this Agreement and to consummate the transactions contemplated
hereby. This Agreement has been duly authorized, executed and delivered by the
Stockholder (or in the case of a Stockholder which is a trust, by trustees on
behalf of such trust) and constitutes a valid and binding obligation of the
Stockholder enforceable in accordance with its terms, except that such
enforceability (i) may be limited by bankruptcy, insolvency, moratorium or other
similar
<PAGE>
laws affecting or relating to the enforcement of creditors' rights generally and
(ii) is subject to general principles of equity. The execution and delivery of
this Agreement does not, and the consummation of the transactions contemplated
hereby and compliance with the terms hereof will not, conflict with, or result
in any violation of, or default (with or without notice or lapse of time or
both) under any provision of, any trust agreement, loan or credit agreement,
note, bond, mortgage, indenture, lease or other agreement, instrument, permit,
concession, franchise, license, judgment, order, notice, decree, statute, law,
ordinance, rule or regulation applicable to the Stockholder or to the
Stockholder's property or assets the effect of which, in any case, would be
material and adverse to the ability of the Stockholder to consummate the
transactions contemplated hereby or to comply with the terms hereof.
(b) THE SUBJECT SHARES. The Stockholder (except as set forth on
Schedule A attached hereto) is the record and beneficial owner of and has the
sole or shared right to vote the Subject Shares set forth opposite such
Stockholder's name on Schedule A attached hereto. Except for the Stockholders'
Agreement among the holders of the Class B Common Stock of McClatchy dated
September 17, 1987, none of such Subject Shares is subject to any voting trust
or other agreement, arrangement or restriction, except as contemplated by this
Agreement.
2. COVENANTS OF EACH STOCKHOLDER. Until the termination of this
Agreement in accordance with Section 7, each Stockholder, severally and not
jointly, agrees as follows:
(a) VOTE FOR THE REORGANIZATION. At any meeting of stockholders of
McClatchy called to vote upon the Reorganization and the Merger Agreement or at
any adjournment thereof or in any other circumstances upon which a vote, consent
or other approval (including by written consent) with respect to the
Reorganization and the Merger Agreement is sought, the Stockholder shall vote
(or cause to be voted), or execute a written consent in respect of, the Subject
Shares in favor of the Reorganization, the adoption by McClatchy of the Merger
Agreement and the approval of the terms thereof and each of the other
transactions contemplated by the Merger Agreement.
(b) TRANSFER OF SUBJECT SHARES. Except with respect to that number of
Subject Shares set forth next to such Stockholder's name in Schedule B which is
in excess of the number of Subject Shares set forth on Schedule B necessary to
approve the Reorganization and Merger Agreement (taking into account any and all
other Transfers, as defined below, of Subject Shares by any other Stockholder),
the Stockholder agrees not to (i) convert, transfer, sell, pledge, assign or
otherwise dispose of (including by gift) (collectively, "Transfer"), or enter
into any contract, option or other arrangement (including any profit sharing
arrangement) with respect to the Transfer of, any of the Subject Shares to any
person other than pursuant to the terms of the Reorganization or (ii) enter into
any voting arrangement, whether by proxy, power-of-attorney, voting agreement,
voting trust or otherwise.
3. FURTHER ASSURANCES. Each Stockholder will, from time to time,
execute and deliver, or cause to be executed and delivered, such additional or
further consents, documents
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<PAGE>
and other instruments as Cowles may reasonably request for the purpose of
effectively carrying out the transactions contemplated by this Agreement.
4. ASSIGNMENT. Except as provided herein, neither this Agreement nor
any of the rights, interests or obligations hereunder shall be assigned by any
of the parties without the prior written consent of the other parties. Subject
to the preceding sentence, this Agreement will be binding upon, inure to the
benefit of and be enforceable by the parties and their respective successors and
assigns.
5. TERMINATION. This Agreement shall terminate upon the earlier of (a)
the 18 month anniversary of the termination of the Merger Agreement (for any
reason, including any termination pursuant to Section 8.01 thereof) and (b) the
Effective Time of the Reorganization.
6. GENERAL PROVISIONS.
(a) AMENDMENTS. This Agreement may not be amended except by an
instrument in writing signed by each of the parties hereto.
(b) NOTICE. All notices and other communications hereunder shall be in
writing and shall be deemed given if delivered personally, telecopied (which is
confirmed) or sent by overnight courier (providing proof of delivery) to Cowles
in accordance with the notification provision contained in the Merger Agreement
and to the Stockholders at their respective addresses set forth on the books of
McClatchy (or at such other address for a party as shall be specified by like
notice).
(c) INTERPRETATION. When a reference is made in this Agreement to
Sections, such reference shall be to a Section to this Agreement unless
otherwise indicated. The headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of
this Agreement. Wherever the words "include", "includes" or "including" are used
in this Agreement, they shall be deemed to be followed by the words "without
limitation".
(d) COUNTERPARTS. This Agreement may be executed in one or more
counterparts, all of which shall be considered one and the same agreement, and
shall become effective when one or more of the counterparts have been signed by
each of the parties hereto and delivered to the other parties, it being
understood that each party need not sign the same counterpart.
(e) ENTIRE AGREEMENT; NO THIRD-PARTY BENEFICIARIES. This Agreement
(including the documents and instruments referred to herein) (i) constitutes the
entire agreement and supersedes all prior agreements and understandings, both
written and oral, among the parties with respect to the subject matter hereof
and (ii) is not intended to confer upon any person other than the parties
hereto, any rights or remedies hereunder.
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<PAGE>
(f) GOVERNING LAW. This Agreement shall be governed by, and construed
in accordance with, the laws of the State of Delaware regardless of the laws
that might otherwise govern under applicable principles of conflicts of law
thereof.
(g) SEVERABILITY. If any term, provision, covenant or restriction
herein, or the application thereof to any circumstance, shall, to any extent, be
held by a court of competent jurisdiction to be invalid, void or unenforceable,
the remainder of the terms, provisions, covenants and restrictions herein and
the application thereof to any other circumstances, shall remain in full force
and effect, shall not in any way be affected, impaired or invalidated, and shall
be enforced to the fullest extent permitted by law, and the parties hereto shall
reasonably negotiate in good faith a substitute term or provision that comes as
close as possible to the invalidated and unenforceable term or provision, and
that puts each party in a position as nearly comparable as possible to the
position each such party would have been in but for the finding of invalidity or
unenforceability, while remaining valid and enforceable.
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<PAGE>
7. STOCKHOLDER REPRESENTATIVES. Each Stockholder signs solely in its
capacity as the record holder and/or beneficial owner of such Stockholder's
Subject Shares and nothing contained herein shall limit or affect any actions
taken by any officer, director, partner, trustee, affiliate or representative of
a Stockholder who is or becomes an officer or a director of McClatchy in his or
her capacity as an officer or director of McClatchy and none of such actions in
such capacity shall be deemed to constitute a breach of this Agreement.
8. ENFORCEMENT. The parties agree that irreparable damage would occur
in the event that any of the provisions of this Agreement were not performed in
accordance with their specific terms or were otherwise breached. It is
accordingly agreed that the parties shall be entitled to an injunction or
injunctions to prevent breaches of this Agreement and to enforce specifically
the terms and provisions of this Agreement in any court of the United States
located in the State of Delaware or in a Delaware state court, this being in
addition to any other remedy to which they are entitled at law or in equity. In
addition, each of the parties hereto (i) consents to submit such party to the
personal jurisdiction of any Federal court located in the State of Delaware or
any Delaware state court in the event any dispute arises out of this Agreement
or any of the transactions contemplated hereby, (ii) agrees that such party will
not attempt to deny or defeat such personal jurisdiction by motion or other
request for leave from any such court, (iii) agrees that such party will not
bring any action relating to this Agreement or the transactions contemplated
hereby in any court other than a Federal court sitting in the state of Delaware
or a Delaware state court, (iv) waives any right to trial by jury with respect
to any claim or proceeding related to or arising out of this Agreement or any of
the transactions contemplated hereby, and (v) appoints The Corporation Trust
Company as such party's agent for service of process in the state of Delaware.
IN WITNESS WHEREOF, this Agreement has been executed and delivered as
of the date first written above.
COWLES MEDIA COMPANY
By /s/ James J. Viera
------------------------------------------
Title: Vice President and Chief Financial
Officer
--------------------------------------
STOCKHOLDERS:
/s/ ERWIN POTTS
--------------------------------------------
ERWIN POTTS, as Trustee of the
Trusts set forth on
Schedule B
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<PAGE>
/s/ JAMES B. MCCLATCHY
--------------------------------------------
JAMES B. MCCLATCHY, individually
and as trustee of the Trusts
set forth on Schedule B
/s/ WILLIAM K. COBLENTZ
--------------------------------------------
WILLIAM K. COBLENTZ, as Trustee
of the Trusts set forth on
Schedule B
/s/ WILLIAM ELLERY MCCLATCHY
--------------------------------------------
WILLIAM ELLERY MCCLATCHY, as Trustee
of the Trusts set forth on
Schedule B
/s/ WILLIAM M. ROTH
--------------------------------------------
WILLIAM M. ROTH, as Trustee of the
Trusts set forth on Schedule B
/s/ MOLLY MALONEY EVANGELISTI
--------------------------------------------
MOLLY MALONEY EVANGELISTI
/s/ BETTY LOU MALONEY
--------------------------------------------
BETTY LOU MALONEY
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<PAGE>
SCHEDULE A
LIST OF STOCKHOLDERS
Shares of Class B
Common Stock Owned
NAME OF RECORD
---- ---------
James B McClatchy 14,945,472(1)
William K. Coblentz 12,500,000(1)
William Ellery McClatchy 12,500,000(1)
Erwin Potts 12,500,000(1)
William M. Roth 12,500,000(1)
Molly Maloney Evangelisti 3,812,500
Betty Lou Maloney 1,850,000
(1) Includes or consists of 12,500,000 shares of Class B Common Stock
held under five separate trusts with 2,500,000 shares and different income
beneficiaries. James B. McClatchy, William Ellery McClatchy, William K.
Coblentz, William M. Roth and Erwin Potts, co-trustees, share joint voting and
investment control with respect to these trusts. Each of (i) James B. McClatchy,
(ii) William Ellery McClatchy, (iii) Charles McClatchy, Adair McClatchy and
Kevin McClatchy, (iv) Sue Maloney Stiles and (v) Mazie Maloney have a present
income interest in one of the five trusts. Messrs. Coblentz, Roth and Potts
disclaim beneficial ownership of these shares.
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<PAGE>
SCHEDULE B
1. Trust for the Primary Benefit of Charles K. McClatchy dated
November 15, 1974;
2. Trust for the Primary Benefit of James B. McClatchy dated
November 15, 1974;
3. Trust for the Primary Benefit of William Ellery McClatchy dated
November 15, 1974;.
4. Trust for the Primary Benefit of Martin J. and Mazie Maloney dated
November 15, 1974; and
5. Trust for the Primary Benefit of Sue Stiles dated November 15, 1974.
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