Chatham Asset Management | Nieman Journalism Lab

Articles tagged Chatham Asset Management (7)

Joshua BentonJuly 16, 2020

These McClatchy financials are a window into how much damage Covid-19 has done to the newspaper business

When McClatchy declared bankruptcy in February, its debts were crushing, but its operating numbers weren’t so bad. But the coronavirus ripped away more than a quarter of its revenue in just a few weeks.

Ken DoctorJuly 13, 2020

Newsonomics: The McClatchy auction ends not with a bang, but only more whimpers

The hedge fund Chatham Asset Management reeled in its prize, as expected. But now what does it want to do with it?

Ken DoctorJune 29, 2020

Newsonomics: The next 48 hours could determine the fate of two of America’s largest newspaper chains

Tribune and McClatchy are both approaching critical deadlines that could lead to mergers, divisions — or even the first big nonprofit newspaper chain in the United States.

Ken DoctorMay 6, 2020

Newsonomics: How will the pandemic panic reshape the local news industry?

A new round of consolidation could kill off half of what were the major U.S. newspaper chains just a few months ago. But the possibility of platform cash is sparking hope.

Ken DoctorFebruary 14, 2020

Newsonomics: Six takeaways from McClatchy’s bankruptcy

Will Chatham Asset Management, the hedge fund set to gain control of the company, want to operate it after bankruptcy? Or will it look to cash out via merger as quickly as possible?

Ken DoctorDecember 6, 2019

Newsonomics: This is how the 5 biggest newspaper chains could become 2 — and it all comes down to one day, June 30, 2020

Worse, the two left standing could be run by hedge fund guys with little interest in more than the bottom line.

Ken DoctorNovember 19, 2019

Newsonomics: As McClatchy teeters, a new set of money men enters the news industry spotlight

The nation’s second-largest newspaper company had paid off most of its old debt and still generates positive cashflow. But it might head to bankruptcy anyway so investors can get paid.