Forman named President/CEO of McClatchy


McClatchy has named a new president and chief executive officer, appointing entrepreneur and former journalist Craig Forman to replace Pat Talamantes as the Sacramento media company seeks to ramp up its digital operations.

The move ends Talamantes' four-year tenure as CEO, in which McClatchy struggled with declining revenue and profits, amid the transition to a digitally focused media landscape. Forman, 55, a private investor who lives in San Francisco but will relocate to Sacramento, has been a McClatchy board member since 2013 and brings an extensive background in journalism and digital media. He has been an executive with such companies as Earthlink, Yahoo, Dow Jones and Time Warner, and was chairman of a mobile-advertising company that was acquired by eBay in 2011. He is a former Wall Street Journal foreign correspondent and bureau chief, with stints in London and Tokyo. McClatchy is the parent company of The News & Observer, The Charlotte Observer and, as of December, The Durham Herald-Sun.