McClatchy Has Deal to Sell Most of its Stake in CareerBuilder

McClatchy said Monday that it has an agreement to sell the majority of its 15 percent ownership in CareerBuilder LLC in a deal expected to net the Sacramento company $76 million.

McClatchy, publisher of The Sacramento Bee and 29 other newspapers, said the agreement to sell its stake in the online employment site also includes co-owners Tegna Inc. and Tribune Media Co. Tegna is the controlling shareholder with a 53 percent stake.

Read more