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!
In the modern world anyone can setup a website and report the truth. That is a better business model than what McClatchy has.
If you stand back and look at the landscape, the new business model will be digital form only (maybe for these particular newspapers...in less than 2 years). In general, I’ll predict that half of newspapers in the US will go digital only by 2025.
Those of you who want the print format, are basically screwed. They will accelerate this by offering a Tab or E-book as part of the deal.
Part of their problem (I said this in the 1990s already), that they are limiting or marginalizing local and state news to a degree. If you go and look at various metropolitan regions....it’s rare that they cover the mayor or city council in an investigative situation or offer criticism over what the city is doing.
Another issue is that you can get more real news locally now....via your local TV stations. I could see some newspapers partnering up or teaming up....with the local stations, and saving on cost.