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Black Horse Capital Advisors LLC
> MNI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2009 | MCCLATCHY CO | MNI | 0 | -11,709 | 0 | -9,000 | |
| 12/31/2008 | MCCLATCHY CO | MNI | 11,709 | -183,519 | 9,000 | -850,000 | $0.77 |
| 09/30/2008 | MCCLATCHY CO | MNI | 195,228 | 195,228 | 859,000 | 859,000 | $4.40 |
| 06/30/2008 | MCCLATCHY CO | MNI | 0 | -58,431 | 0 | -626,000 | |
| 03/31/2008 | MCCLATCHY CO | MNI | 58,431 | 58,431 | 626,000 | 626,000 | $10.71 |
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