Will Fleet, who served as publisher of the McClatchy Co.-owned newspaper for four years, announced his resignation Tuesday, Oct. 23. His last day is Oct. 31.
Ralph Alldredge, publisher of the San Andreas-based Calaveras Enterprise, has previously been named as a partner in the sale.
Fleet identified himself to the Tracy Press on Oct. 15 but requested that no news of his departure be released until he formally resigned from the Bee.
The final steps of the sale by members of the Matthews family could be officially completed in as little as 10 days. The sale will include the Irrigator, the Tracy Press and the Scotts Valley Banner.
Chief Judge Christopher M. Klein approved the pair’s purchase bid in U.S. Bankruptcy Court Eastern District of California in Sacramento on Oct. 10.
While the Press and the Banner have been under Chapter 11 bankruptcy protection since July 2010, Patterson Irrigator LLC remains solvent.
The Irrigator, which has been printed since Aug. 31, 1911, was acquired by Tracy Press Inc. in May 2003. Robert Matthews serves as its publisher.
Alldredge and Fleet will serve as co-publishers of all three papers.
Each man has previously served a one-year term as president of the California Newspaper Publishers Association.