Another Pension induced Bankruptcy
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