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February 14, 2020

McClatchy Files for Bankruptcy
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The nation's second-largest publisher of local newspapers has filed for
bankruptcy in the latest signal of the financial crisis in the
journalism world. Mc Clatchy is the owner of the Miami Herald, The
Kansas City Star, The Sacramento Bee, The Charlotte Observer, The News &
Observer in Raleigh, North Carolina, and the Fort Worth Star-Telegram in
Texas, among other local papers. It recently won a Pulitzer Prize for
the Miami Herald's reporting on Jeffrey Epstein, but it has been plagued
by layoffs and financial troubles. Mc Clatchy says it plans to stay in
business and will use bankruptcy to shed legacy debt and pension
obligations.


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