[devane617]

Another one. Feds to bail out pension obligations.

[jeffc]

...filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks because more readers and advertisers are going online.

Right. Nothing to do with lawsuit filed by Nunes...

[Lurkina.n.Learnin]

Virginia Judge Calls for Discovery in Nunes Defamation Suit

https://www.freerepublic.com/focus/f-backroom/3816902/posts

[rktman]

Awww factor of 4 out of 5.

[ConservativeMind]

“PBGC is not funded by general tax revenues. Its funds come from four sources:

- Insurance premiums paid by sponsors of defined benefit pension plans;
- Assets held by the pension plans it takes over;
- Recoveries of unfunded pension liabilities from plan sponsors’ bankruptcy estates;[a] and
- Investment income.”

https://en.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corporation

[fireman15]

McClatchy owns our once great local paper. They have made a mess out of it. A quick death would be the most humane outcome.

[CodeToad]

Good news coverage without the political propaganda may have kept them in the black. But Reds are always red in this country.

[digger48]

Hopefully, Gannett is next

[kingu]

I still do not understand why there's not a cross publication pass for online (and delivered) news. It is the stupidest thing. Money just left sitting on the table.

It should be easy to choose local delivery (if you want it), add on regional news for a couple bucks extra per month, add on whole state for a few dollars more, etc on up to the national level.

I mean, seriously, call it the ‘press pass’ to make a single login credential for a wide variety of publications, paid monthly, quarterly or yearly, and there’ll be a big stinking pile of money sitting there to revive news.

[MrEdd]

Just let it sink now instead of throwing money away that won’t make a difference because the papers can not be made solvent.

[suthener]

I canceled my newspaper subscription many years ago when they ran an AP story in which the weapon used in a crime was described as a “military assault style pistol “. I later found out the gun used was a 1911.

[catnipman]

oddly enough, despite listing dozens of reasons why failing newspapers are failing, not once was it mentioned that becoming 100% leftist anti-Trump and anti-conservative propaganda organs wasn’t so good for business after all ...

[cabbieguy]

Can anybody give me a list of all McClatchy newspapers.

[txnativegop]

if they are that poorly run, let their creditors take the corporation into receivership

and sell off the real assets to people who can actually run a company for a profit.

this idea that corporations cannot fail and go out of business is BS.