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McClatchy Bankruptcy Filing: a Last-Ditch Effort to Save a Newspaper Company


RSS Feed - February 12, 2020 - 0 comments

McClatchy filed for Chapter 11 bankruptcy today in a move executives say won’t result in layoffs but will put majority ownership of yet another media company–this time a 163-year-old, family-owned publisher–in the hands of a hedge fund. The move, if approved, transfers majority ownership to Chatham Asset Management, already a lender and shareholder in the…

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