Hedge-fund manager Chatham Asset Management LLC emerged as the winner in a bankruptcy auction for McClatchy Co., ending 163 years of family ownership for the newspaper chain and increasing financial investors’ control of the American publishing industry.
The sale, announced by McClatchy on Sunday, must be approved by the judge overseeing its bankruptcy. McClatchy publishes some 30 daily papers, including the Miami Herald, the Sacramento Bee and the Kansas City Star.
MANY AGE OLD BUSINESS ORGANISATIONS FACING SURVIVAL PROBLEM DUE TO THEY COULD NOT FORESEE, BE PREPARED TO FACE PROBLEMS OF CHANGE. TRADING, UN PRODUCTIVE, ADVERTISEMENT, LUXURY TRADERS MAY FACE CHALLENGE. SHIFT FOR MANUFACTURING, AGRICULTURE, DELIVERY, STORAGE, SKILL DEVELOPMENT.
Here come the scandals. Scandals sell right? More toddler fightclub stories on the way. Ughhhh.
So now we’ll have far-right newspapers pretty much everywhere in the country instead of independent investigative journalism, what a sad day for this country.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC Rule Proposal Would Slash Number of Investment Managers That Need to Report Quarterly HoldingsThe Securities and Exchange Commission proposed sharply raising the size threshold of funds required to report their U.S. stockholdings quarterly, a move that would end such disclosures for nearly 90% of current filers, including many hedge funds and mutual-fund firms. Another Trump era 'escape from accountability' putsch Folks? Ys gonna see TONS MORE of this shit as Trump and GOPer's KNOW Trump is gone come Jn 20th Seems like a great time to find information elsewhere. Consider following us. We share and streamline commentary from financial experts on Twitter. Let us sift out the noise so you can allocate your portfolio based on the major themes in today’s markets.
Source: WSJ - 🏆 98. / 63 Read more »
Burger Chain Turns Pioneer for New Small-Business Bankruptcy LawLawyers expect a surge in small-business failures in the coming months. A new law, they say, will make many business owners realize that filing for bankruptcy might be a better option than struggling for years. Why did they use the Angry Birds font tho All efforts to avoid small business bankruptcy should be implemented. This sucks. Their burgers were really good and the fried green beans were killer. Great spots for a burger
Source: WSJ - 🏆 98. / 63 Read more »