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The publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country has filed for bankruptcy protection. McClatchy files for bankruptcy protection Skip to ...
McClatchy’s structured bankruptcy, declared in 2020, allowed the company to offload nearly 60 percent of its debt owed to lenders and emerge free of its legacy pension obligations. But it also ...
Hedge fund Chatham Asset Management says will pay $312 million to buy newspaper publisher McClatchy out of bankruptcy protection. Chatham said Friday that it plans to offer employees at the 30 ...
On February 13, 2020, The McClatchy Company and 54 affiliated companies filed for Chapter 11 bankruptcy protection in the United States District Court for the Southern District of New York. The company cited pension obligations and excessive debt as the primary reasons for the filing. [3] [4] [5]
McClatchy Media Company, or simply McClatchy and MCC, is an American publishing company incorporated under Delaware's General Corporation Law.Originally based in Sacramento, California, United States, and known as The McClatchy Company, it became a subsidiary of Chatham Asset Management, headquartered in Chatham Borough, New Jersey, as a result of its 2020 bankruptcy.
On February 13, 2020, The McClatchy Company and 54 affiliated companies filed for Chapter 11 bankruptcy protection in the United States District Court for the Southern District of New York. The company cited pension obligations and excessive debt as the primary reasons for the filing. [5] [6] [7]
Knight-Ridder was acquired by McClatchy in 2006, putting The Herald under their ownership. [3] [8] On February 13, 2020, The McClatchy Company and 54 affiliated companies filed for Chapter 11 bankruptcy protection in the United States District Court for the Southern District of New York. The company cited pension obligations and excessive debt ...
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