NEW YORK, June 27 (Reuters) - Shares of U.S. newspaper publisher McClatchy Co. (MNI.N: rose more than 7 percent on Wednesday after falling steadily for the past seven months.
It was not immediately clear why the share price rose. A company spokeswoman declined to comment.
McClatchy, based in Sacramento, California, publishes the Sacramento Bee, the Miami Herald and more than two dozen daily U.S. newspapers.
The company has been the subject of takeover speculation among some analysts and investors, despite its two-tier stock structure that gives the McClatchy family more control over the publisher than other investors.
Chief Executive Gary Pruitt has said that he wants the company to remain publicly traded, but that going private could be a long-term option.
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