Filing Details

Accession Number:
0000894579-19-000122
Form Type:
13G Filing
Publication Date:
2019-03-28 16:20:05
Filed By:
Omega Advisors
Company:
Mcclatchy Co (NYSE:MNIQQ)
Filing Date:
2019-03-28
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
LEON G. COOPERMAN 304,417 0 304,417 0 0 5.63%
Filing


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.     )*


 The McClatchy Company
(Name of Issuer)
 
 Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
 579489303
(CUSIP Number)
 
 March 18, 2019
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)

*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 the disclosures provided in a prior cover page.

The information required in 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).
 

 
CUSIP No.
579489303
 
Page 2 of 5
 


1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
 LEON G. COOPERMAN
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 United States
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 304,417
 
 
 
 
6
SHARED VOTING POWER
 
 
 0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 304,417
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 0
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 5.63%
 
 
 
 
12
TYPE OF REPORTING PERSON
 
 
 IN
 
 
 
 
 



CUSIP No.
579489303
 
Page 3 of 5


Item 1(a).
Name of Issuer:

 The McClatchy Company
 
Item 1(b). Address of Issuer's Principal Executive Offices:

 2100 Q Street, Sacramento, CA 95816

Item 2(a). Name of Person Filing:

 This statement is filed on behalf of Leon G. Cooperman (“Mr. Cooperman”). Mr. Cooperman is engaged in, among other activities, investing for his own account.
 
Mr. Cooperman has an adult son named Michael S. Cooperman. The Michael S. Cooperman WRA Trust (the “WRA Trust”) is an irrevocable trust for the benefit of Michael S. Cooperman. Mr. Cooperman has investment authority over the Shares held by Michael S. Cooperman and the WRA Trust accounts.

Item 2(b). Address of Principal Business Office or, if none, Residence:

 St. Andrew's Country Club, 7118 Melrose Castle Lane, Boca Raton, FL 33496.

Item 2(c). Citizenship:

 United States

Item 2(d). Title of Class of Securities:

 Class A Common Stock, par value $0.01 per share (the "Shares")
 
Item 2(e). CUSIP Number:

579489303


CUSIP No.
579489303
 
Page 4 of 5


Item 3. If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c);

This Item 3 is inapplicable.
 
Item 4. Ownership.


 
(a)(b)
   Amount beneficially owned and percent of Class:

Mr. Cooperman may be deemed the beneficial owner of 304,417 Shares, which constitutes approximately 5.63% of the total number of Shares outstanding. This consists of 54,417 Shares owned by Mr. Cooperman; 150,000 Shares owned by the WRA Trust; and 100,000 Shares owned by Michael S. Cooperman.


(c) Number of shares as to which the person has:


(i) Sole power to vote or to direct the vote:

304,417


(ii) Shared power to vote or to direct the vote:

0

  (iii) Sole power to dispose or to direct the disposition of:

304,417

  (iv) Shared power to dispose or to direct the disposition of:
 
0



CUSIP No.
579489303
 
Page 5 of 5


Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following .

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

This Item 6 is not applicable.
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 This Item 7 is not applicable.

Item 8. Identification and Classification of Members of the Group.

 This Item 8 is not applicable.

Item 9. Notice of Dissolution of Group.

 This Item 9 is not applicable.
 
Item 10.
Certification.
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
      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: March 28, 2019
 
LEON G. COOPERMAN
 
By:
/s/ Edward Levy
 
Edward Levy
 
Attorney-in-Fact
Duly authorized under POA effective as of August 10, 2016 and filed on August 12, 2016.
 
* Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).