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/_/ Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may
continue. SEE Instruction 1(b).
(Print or Type Responses)
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 18(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
William K. Coblentz
McClatchy Newspapers, Inc.
2100 Q. Street
Sacramento, CA 95816
2. Issuer Name and Ticker or Trading Symbol
McClatchy Newspapers, Inc. (MNI)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
February 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director
(X) 10% Owner
( ) Officer (give title below)
( ) Other (specify below)
7. Individual or Joint/Group filing (Check Applicable line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership Form: 7. Nature
(Instr. 3) action action or Disposed of (D) Securities Direct (D) or of Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Indirect (I) Beneficial
(Month (Instr. 8) Owned at (Instr. 4) Ownership
Day/ End of Month (Instr. 4)
Year (Instr. 3 and 4)
Code V Amount (A) or Price
(D)
<S> <C> <C> <C> <C> <C> <C>
Class A Common Stock 2/9/98 M 1,875 A $16.00 7,000*
</TABLE>
<PAGE>
<TABLE>
FORM 4 (CONTINUED) TABLE II - DERIVATIVE
SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED (E.G., PUTS, CALLS,
WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<CAPTION>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exercisable 7. Title and Amount of
Security (Instr. 3) sion or action tion Code ative Securities and Expiration Date Underlying Securities
Exercise Date (Instr. 8) Acquired (A) or (Month/Day/Year) (Instr. 3 and 4)
Price of (Month Disposed of (D)
Deriv- Day/ (Instr. 3, 4 and 5)
ative Year)
Security
Amount or
Code V (A) (D) Date Expiration Number of
Exercisable Date Title Shares
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Option (Right to Buy) 16.60 2/9/98 M D 3/1/93 5/20/02 Class A 469
Common Stk
16.60 2/9/98 M D 3/1/94 5/20/02 Class A 469
Common Stk
16.60 2/9/98 M D 3/1/95 5/20/02 Class A 469
Common Stk
16.60 2/9/98 M D 3/1/96 5/20/02 Class A 469
Common Stk
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8. Price of 9. Number of 10. Ownership 11. Nature of
Deriv- Derivative Form of Indirect
ative Securities Derivative Beneficial
Security Benefi- Security: Ownership
(Instr. 5) cially Direct (D) (Instr. 4)
Owned at or Indirect
End of (I) (Instr. 4)
Month
(Instr. 4)
<C> <C> <C>
** D
** D
** D
** 0.0 D
</TABLE>
Explanation of Responses:
* Does not include shares of stock held by (1) Trusts for the Primary Benefit of
(a) James B. McClatchy, (b) William Ellery McClatchy, (c) Sue Maloney Stiles,
(d) Martin J. Maloney and Mazie Maloney, and (e) Charles K. McClatchy, each
dated November 15, 1974, of which the undersigned is a successor co-trustee
pursuant to appointment; (2) Estate of Charles K. McClatchy, Deceased, of which
the undersigned is a co-executor pursuant to testamentary appointmnent; and (3)
Trust for the Primary Benefit of Charles Kennan McClatchy, of which the
undersigned acts as co-trustee, as to all of which neither the undersigned, nor
any member of the undersigned's immediate family, as defined by Rule 16a-1(e),
has a pecuniary interest.
** Director stock options granted pursuant to McClatchy Newspapers, Inc. 1990
Stock Option Plan.
/s/ William K. Coblentz 3/10/98
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Signature of Reporting Person Date
(William K. Coblentz)
