<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>Washington,
DC 20549&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>FORM
8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>Current
Report</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>Pursuant
to Section 13 or 15(d) of the</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>Securities
Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event
reported): January 24, 2012&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>The
McClatchy Company</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">(Exact
name of registrant as specified in its charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 32%; vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center">Delaware</TD>
    <TD STYLE="width: 2%; vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="width: 32%; vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center">1-9824</TD>
    <TD STYLE="width: 2%; vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="width: 32%; vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center">52-2080478</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; text-align: center">(I.R.S. Employer<BR> Identification Number)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-left: 0; border-collapse: collapse">
<TR>
    <TD STYLE="width: 46%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2100 Q Street</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Sacramento, CA</P></TD>
    <TD STYLE="width: 8%; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 46%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">95816</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">Registrant&rsquo;s telephone number,
including area code:&#9;(916) 321-1846</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">(Former
name or former address, if changed since last report)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.25pt; text-indent: -14.25pt"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.25pt; text-indent: -14.25pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.25pt; text-indent: -14.25pt">  <FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.25pt; text-indent: -14.25pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.25pt; text-indent: -14.25pt">  <FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.25pt; text-indent: -14.25pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.25pt; text-indent: -14.25pt"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT> <FONT STYLE="letter-spacing: 0pt">
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.25pt; text-indent: -14.25pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 2.05&#9;Costs Associated with Exit or Disposal Activities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On January 24, 2012, The Miami Herald Media Company (&ldquo;MHMC&rdquo;),
a wholly-owned subsidiary of The McClatchy Company (the &ldquo;Company&rdquo; or &ldquo;McClatchy&rdquo;), entered into a contract
to purchase (the &ldquo;Purchase Agreement&rdquo;) approximately 6.1 acres of land located in Doral, Florida, for approximately
$3.1 million. MHMC and McClatchy intend to build a new production facility (the &ldquo;New Production Facility&rdquo;) containing
approximately 119,000 square feet on this site for MHMC&rsquo;s <I>Miami Herald</I> and <I>El Nuevo Herald</I> newspaper operations<I>.</I>
McClatchy executed a joinder to the Purchase Agreement for certain indemnification obligations of MHMC thereunder. In addition,
on January 24, 2012, MHMC entered into a lease agreement (the &ldquo;Lease&rdquo;) pursuant to which it will lease a two-story
office building (the &ldquo;Office Building&rdquo;) containing approximately 158,000 square feet adjacent to the New Production
Facility (the Office Building together with the New Production Facility are referred to as the &ldquo;New Site&rdquo;), which will
house all of <I>The Miami Herald</I> and <I>El Nuevo Herald</I>&rsquo;s business and news operations. The New Site encompasses
an aggregate of approximately 15 acres. The lease on the Office Building is a &ldquo;triple net&rdquo; operating lease with initial
annual base lease payments of $1.8 million beginning in May 2013 when the Office Building is expected to be occupied. McClatchy
has entered into a guaranty in favor of the lessor under the Lease to guarantee the obligations of MHMC thereunder. MHMC plans
to relocate the operations of T<I>he Miami Herald</I> and <I>El Nuevo Herald</I> from their current location to the New Site in
May 2013 and, in connection therewith, expects to incur additional expenses over the next 16 months as described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Total costs <FONT STYLE="letter-spacing: -0.15pt">related to relocating
the newspapers&rsquo; operations and for constructing </FONT>the New Production Facility, including the purchase of the property,
construction costs, accelerated depreciation, and moving expenses is estimated to be $57 million. This total includes $12 million
of accelerated depreciation on existing assets expected to be retired or decommissioned, including two of the five existing presses.
These costs will be incurred over the next 16 months. McClatchy expects an estimated $25 million, including the $12 million of
accelerated depreciation, to be expensed over the 16 months and the remaining costs, approximately $32 million, to be capitalized.
McClatchy is entitled to reimbursement of $6 million of these total costs from an escrow account established for that purpose by
Bayfront 2011 Property LLC (&ldquo;Bayfront&rdquo;) under the terms of that certain Purchase and Sale Agreement dated May 26, 2011
pursuant to which McClatchy and its subsidiary Richwood, Inc., sold MHMC&rsquo;s existing headquarters located at One Herald Plaza,
Miami, Florida, to Bayfront.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none">THE MCCLATCHY COMPANY</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none">Date: January&nbsp; 27, 2012</TD>
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none">By:</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none; border-bottom: Black 1pt solid">&nbsp;/s/Patrick J. Talamantes</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none; width: 50%">&nbsp;</TD>
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none; width: 5%">&nbsp;</TD>
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none; width: 7%">Name:</TD>
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none; width: 38%">Patrick J. Talamantes</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none">Title:</TD>
    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-autospace: none">Vice President , Finance and Chief Financial Officer</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt"></FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

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UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of Report (Date of earliest event
reported): January 24, 2012
The
McClatchy Company
(Exact
name of registrant as specified in its charter)
Delaware
1-9824
52-2080478
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification Number)
2100 Q Street
Sacramento, CA
95816
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number,
including area code:	(916) 321-1846
(Former
name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.05	Costs Associated with Exit or Disposal Activities
On January 24, 2012, The Miami Herald Media Company ("MHMC"),
a wholly-owned subsidiary of The McClatchy Company (the "Company" or "McClatchy"), entered into a contract
to purchase (the "Purchase Agreement") approximately 6.1 acres of land located in Doral, Florida, for approximately
$3.1 million. MHMC and McClatchy intend to build a new production facility (the "New Production Facility") containing
approximately 119,000 square feet on this site for MHMC's
Miami Herald
and
El Nuevo Herald
newspaper operations
.
McClatchy executed a joinder to the Purchase Agreement for certain indemnification obligations of MHMC thereunder. In addition,
on January 24, 2012, MHMC entered into a lease agreement (the "Lease") pursuant to which it will lease a two-story
office building (the "Office Building") containing approximately 158,000 square feet adjacent to the New Production
Facility (the Office Building together with the New Production Facility are referred to as the "New Site"), which will
house all of
The Miami Herald
and
El Nuevo Herald
's business and news operations. The New Site encompasses
an aggregate of approximately 15 acres. The lease on the Office Building is a "triple net" operating lease with initial
annual base lease payments of $1.8 million beginning in May 2013 when the Office Building is expected to be occupied. McClatchy
has entered into a guaranty in favor of the lessor under the Lease to guarantee the obligations of MHMC thereunder. MHMC plans
to relocate the operations of T
he Miami Herald
and
El Nuevo Herald
from their current location to the New Site in
May 2013 and, in connection therewith, expects to incur additional expenses over the next 16 months as described below.
Total costs
related to relocating
the newspapers' operations and for constructing
the New Production Facility, including the purchase of the property,
construction costs, accelerated depreciation, and moving expenses is estimated to be $57 million. This total includes $12 million
of accelerated depreciation on existing assets expected to be retired or decommissioned, including two of the five existing presses.
These costs will be incurred over the next 16 months. McClatchy expects an estimated $25 million, including the $12 million of
accelerated depreciation, to be expensed over the 16 months and the remaining costs, approximately $32 million, to be capitalized.
McClatchy is entitled to reimbursement of $6 million of these total costs from an escrow account established for that purpose by
Bayfront 2011 Property LLC ("Bayfront") under the terms of that certain Purchase and Sale Agreement dated May 26, 2011
pursuant to which McClatchy and its subsidiary Richwood, Inc., sold MHMC's existing headquarters located at One Herald Plaza,
Miami, Florida, to Bayfront.
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.
THE MCCLATCHY COMPANY
Date: January  27, 2012
By:
/s/Patrick J. Talamantes
Name:
Patrick J. Talamantes
Title:
Vice President , Finance and Chief Financial Officer
2