The McClatchy Company has contributed around $49.6 million in company-owned real estate to its defined benefit plan. The U.S. newspaper publisher expects the real estate contribution to satisfy its required pension contribution for 2011.

The California-based company is leasing back the property from its pension plan for 10 years and will pay annual rent of $4 million to its pension fund. WhiteStar Advisors has been appointed to run the property for the pension plan.

Click here for the release from PR Newswire.