McClatchy Expects To Receive Cash Distribution From Classified Ventures’ Sale Of Apartments.com
The McClatchy Company (NYSE-MNI) said today that it anticipates a cash distribution as a result of the recent announcement by Classified Ventures, LLC (CV) of its agreement to sell Apartments.com for $585 million to CoStar Group. CV has said that it expects the transaction to close in the second quarter of 2014.