McClatchy (MNI - Get Report) agreed to sell partial stakes in three online businesses to partners Gannett (GCI - Get Report) and Tribune

Sacramento, Calif.-based McClatchy will get $310 million in cash in exchange for reducing its stakes in CareerBuilder.com, ShopLocal.com and Topix.Net. McClatchy will end up owning 15% each of CareerBuilder and ShopLocal and a little over 11% in Topix.

McClatchy acquired its stakes in the Net properties with this June's purchase of Knight Ridder. Knight Ridder, Gannett and Tribune had previously been equal partners in CareerBuilder.

Gannett and Tribune will increase their equity stakes in CareerBuilder and ShopLocal.com to 42.5% each, and in Topix.net to 31.9% each.

The agreement values CareerBuilder at $1.55 billion, ShopLocal.com at $85 million and Topix.net at $72 million.

"As a founding partner of CareerBuilder, Tribune is pleased to have McClatchy join as an important partner in these online ventures," said Tribune chief Dennis FitzSimons, Tribune chairman, president and chief executive officer. "Increasing our ownership position in CareerBuilder, ShopLocal.com and Topix.net is consistent with our Internet growth strategy."

"We are pleased to expand our ownership position in each of these companies and form an alliance with McClatchy," said Gannet chief Craig A. Dubow.

"This agreement is a winning deal for McClatchy, CareerBuilder, and our other online partners, Gannett and Tribune," said McClatchy chief Gary Pruitt.