posted on 02/13/2020 11:53:07 PM PST
[ McClatchy files bankruptcy to shed costs of print legacy and speed shift to digital ]
Another Leftist dinosaur rag operator.
I cheered when I saw this earlier today.
posted on 02/14/2020 12:11:45 AM PST
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
It seems to me that any news organization filing for bankruptcy
is choosing to do so as an alternative to changing their
business model to one that reports truth.
Their lies dont sell, but Truth isnt even their last resort?
No! Bankruptcy before honesty!
posted on 02/14/2020 12:14:02 AM PST
(Say not this is the truth, but so it seems to me to be, as I see this thing I think I see #KAG)
I wonder how this will Impact Devin Nunes’ lawsuit against them.
posted on 02/14/2020 12:18:31 AM PST
They also get to screw the pensions of those who spent a career there.
posted on 02/14/2020 1:49:25 AM PST
by Ann Archy
(Abortion....... The HUMAN Sacrifice to the god of Convenience.)
The Chapter 11 filing will allow McClatchy to restructure its debts and, it hopes, shed much of its pension obligations
The LAST thing they should be allowed to do is screw their workers out of any earned pension and/or to saddle American taxpayers with those obligations.
posted on 02/14/2020 3:41:20 AM PST
by House Atreides
(Boycott the NFL 100% PERMANENTLY)
They bought out the Biloxi (Coast paper with main offices just over the Gulfport line) Sun Herald many moons ago - I’d wager I wasn’t the only one who stopped having the paper delivered because of that.
posted on 02/14/2020 4:31:03 AM PST
(Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
The bonds are trading near par, so there’s no real danger of liquidation.
posted on 02/14/2020 4:35:47 AM PST
by Zhang Fei
(My dad had a Delta 88. That was a car. It was like driving your living room.)
posted on 02/14/2020 4:43:26 AM PST
(Quit calling them liberals, progs, socialists, or democrats. Call them what they are: COMMUNISTS!!!!)
"McClatchy files bankruptcy to shed costs of print legacy and speed shift to digital"
This will reduce the nation's supply of used toilet paper.
“55 percent of its debt would be eliminated”
Wrong. Those who are legitimately owed money would not get what is rightfully theirs. Suppliers and contractors are the ones who always get stiffed.
Bankruptcy is a way for them to get free money, by not paying what they owe.
posted on 02/14/2020 4:58:59 AM PST
by I want the USA back
(The media is acting full-on as the Democratic Party's press agency now: Robert Spencer)
Shed pension obligations. Thats what I read. Scumbags.
posted on 02/14/2020 5:38:12 AM PST
(Leftists are full of "Love, peace" and bovine squeeze.)
" the scale of our 75-year-old pension plan with 10 pensioners for every single active employee is a reflection of another economic era.
No, it's a reflection of very-very bad management. McClatchy management lied to employees and underfunded its pension plans. Now it wants the US government, you and me, to bail it out. It will screw its retirees, employees, and us taxpayers, so that the current management team, the ones who perpetuated the scan, can keep working.
posted on 02/14/2020 5:43:21 AM PST
(Calm down and enjoy the ride, great things are happening for our country)
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