Posted on 11/20/2019 1:42:27 AM PST by SoFloFreeper
McClatchy Co., publisher of 29 newspapers including the Miami Herald, may be the next print media giant to topple after seeing advertising revenues switch to the Internet.
Founded in 1857 as The Daily Bee in Sacramento, the company has two classes of stock, enabling the McClatchy family to retain control, for now. McClatchy bought the Knight Ridder chain for $4.5 billion in 2006, an ill-timed purchase as print revenues were already declining.
The Sacramento, California-based company may file for bankruptcy within the next year because of high pension costs and falling revenue...
(Excerpt) Read more at karmaimpact.com ...
The sooner with the McClatchy bird cage liner the better. I was hoping they would go belly up years ago, but they have hung in there.
I read it in the late 80s to the mid 90s for some reason.
I used to buy it every couple of weeks to line the snake’s cage, when we had a snake.
Before the Internet, the local paper was useful for local news.
This includes the Minnecraponus Star and Sickle.
I scan the Charlotte Observer’s painfully liberal website for local stories of interest. I rarely click on a story to read, and the editorials are a joke. That paper has really tried to agitate racial issues the past few years, but I don’t sense that the area residents are taking the bait.
” $4.5 billion in 2006, “
Now Bankrupt?
Bwah ha ha ha ha ha!!
I remember during the 2000 protests in Sacramento when Gore tried to steal the election, we took our protest over to the offices of the Bee to protest their dishonesty. That paper never did care about printing straight up unbiased stories.
Down goes McClatchy Down goes McClatchy
Meanwhile, Gatehouse has just merged with Gannett to for the country’s largest newspaper chain.
We ended our subscription with the Disturber probably 10-12 years ago. I don’t even allow the paper guy to put his little piece of red tape on the newspaper tube (under the mail box) to identify us as non-paper people. I think it was shortly after that that I was banned from commenting at the CO website.
It always surprises me how much the physical size of the paper has diminished when I do happen to see one. That paper can’t die soon enough.
It won’t matter...the local newspapers are dying mostly because local TV stations are dedicated to local news, and you get the top 15 local stories of the day, via your local channel.
Up until 20 years ago, the local papers still had some advantages (advertising, local sports, crime-chatter, political scene, etc). But most of those strengths just dried up and disappeared. Across the nation, there might be fifty-odd newspapers who do local and state reporting to a significant degree....the rest are dying off. I’ll go ahead and predict that in Tenn within ten years, it’ll be just three papers left in the state that function or provide some profit.
My local TV TV stations aren’t dedicated to any kind of news. Just disinfo. Ditto for what passes for our local print media. I can learn more at my local diner than I can from our local enemedia.
The McClatchy family is dumb as rocks. (I have inside info—no need to go into it here—I have posted about it over the years.)
Fools and their money are soon parted.
?
We get the Wall Street Journal delivered by the same company that carries the Observer, the New York Times, and others. Sometimes we get the wrong one.
We also get the Wall Street Journal delivered. Sometimes we get the the Miami Herald instead “by mistake.” It goes directly into the two-wheeled trash/garbage can.
in Florida, the local tv media mostly amplifies their network liberal bias and/or CNN Democrat party bias.
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