Led by risk-averse corporate owners, dozens of the biggest U.S. newspapers have decided their editorials should express opinions on everything except who should be president.
Tribune board members acted in their own interests, not their newspaper chain’s, while Alden failed to disclose a secret investor meeting and misrepresented its cash position.
It now makes more revenue from digital than from print and continues to add new subscribers at a record pace. But its brutal COVID-driven drop in advertising will be echoed all across the industry.
The vulture fund may be just fine with waiting a bit longer to make its next move to consolidate the local newspaper industry. Meanwhile, newsrooms wait.
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.
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?
Doctor, Ken. "Newsonomics: Six takeaways from McClatchy’s bankruptcy." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 14 Feb. 2020. Web. 16 Jan. 2025.
APA
Doctor, K. (2020, Feb. 14). Newsonomics: Six takeaways from McClatchy’s bankruptcy. Nieman Journalism Lab. Retrieved January 16, 2025, from https://www.niemanlab.org/2020/02/newsonomics-six-takeaways-from-mcclatchys-bankruptcy/
Chicago
Doctor, Ken. "Newsonomics: Six takeaways from McClatchy’s bankruptcy." Nieman Journalism Lab. Last modified February 14, 2020. Accessed January 16, 2025. https://www.niemanlab.org/2020/02/newsonomics-six-takeaways-from-mcclatchys-bankruptcy/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2020/02/newsonomics-six-takeaways-from-mcclatchys-bankruptcy/
| title = Newsonomics: Six takeaways from McClatchy’s bankruptcy
| last = Doctor
| first = Ken
| work = [[Nieman Journalism Lab]]
| date = 14 February 2020
| accessdate = 16 January 2025
| ref = {{harvid|Doctor|2020}}
}}
