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 Dead Tree Media will soon be as dead as their source of paper..........................
How can you tell?..........................
Our local paper, which is fairly conservative, is slowly dying as well, so it’s not just a phenomenon of liberal papers, it’s the industry as a whole...............
Looks like the Pittsburgh Pirates aren’t the only thing he ran into the ground.
Yes, that was a little obscure.
It’s a shot from a Seinfeld episode in which Kramer’s phone line is crossed with that of a movie review-and-locator service...Kramer gamely takes up the challenge of trying to help confused callers until he becomes even more confused than they.
Bit of a stretch, but I thought you might be a fan.
I wouldnt let my dog chit on the Charlotte Observer for fear he might get some of the Observer on him. Anything they say, you immediately know the exact opposite is true.
Front page ...
Nothing against Seinfeld, but it’s a cultural marker I completely missed.
Yeah, the insides are all the same......................
Not at all.
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