McClatchy

Another Pension induced Bankruptcy

Submitted by Chris Ducret on Fri, 02/14/2020 - 04:31

McClatchy, 2nd largest newspaper in the country (owners of the Miami Herald and others), just BK'd, at least a Chapter 11 reorganization.  Its bad enough that its a newspaper and understand that model is dead. However their idea of going digital is also not much of a future. Will be able to get into that conversation at another day.

What pushed McClatchy over the edge, once again its pension liability.  From Kevin McClatchy 

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