Chatham Asset Management, LLC (Chatham) announced that Tony Hunter will become Chief Executive Officer of The McClatchy Company, following the local news company's emergence from Chapter 11 and the completion of its Court-approved sale to Chatham, in September. McClatchy's asset purchase agreement with Chatham was approved by the U.S. Bankruptcy Court on August 4, 2020. The transaction is expected to close in September 2020, subject to customary closing conditions and the receipt of certain regulatory approvals. Mr. Hunter will succeed Craig Forman, McClatchy's CEO, who along with the current board and Chairman Kevin McClatchy, will leave the company upon McClatchy's emergence from its court-supervised reorganization. Mr. Hunter is an accomplished operating executive with extensive experience successfully leading large scale media organizations. Previously, Mr. Hunter served as Chairman of Nucleus Marketing Solutions, a collaborative venture between McClatchy, Gannett, Hearst, and Tribune, from 2016 to 2019, as well as Chairman of the News Media Alliance and a member of the Board of the Alliance for Audited Media. He serves on the Board of Metropolitan Family Services and is a former board member of United Way of Metro Chicago.