Newspaper Publisher McClatchy Files For Chapter 11 Protections

McClatchy, the second largest local news company, filed for Chapter 11, ending 163 years of family control. The company will be managed by a New Jersey hedge fund. Despite financial struggles, including a large pension plan and declining revenues, McClatchy remains committed to local news. The consolidation of local news raises concerns about reduced diversity and accountability. Experts call for rethinking local journalism as a public good deserving of philanthropic and public support.

What significant change is Mcclatchy planning regarding its ownership?

How long has Mcclatchy been under family control?

What are some of the financial challenges faced by Mcclatchy?

What impact does the consolidation of local news have on communities and democracy?

What does Victoriaville suggest about the future of local journalism?