THE LEX COLUMN: Pensions are sinking old-school publishing companies

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

ایران اخبار اخبار

US newspaper group McClatchy becomes the latest to file for bankruptcy

Working at a US regional newspaper used to be quite a good job, we are told. The perks included high salaries, a generous expense account and a decent pension programme. The first two are long gone but retirement benefits are long-dated liabilities.

As the fortunes of local journalism have withered, pension obligations have become an albatross around the necks of publishing companies. On Thursday, newspaper group McClatchy announced it will file for a long-expected bankruptcy. McClatchy is carrying $800m in debt but it is the $500m of pension liability that proved too much to bear.

 

از نظر شما متشکرم. نظر شما پس از بررسی منتشر خواهد شد.
این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

 /  🏆 12. in İR

ایران آخرین اخبار, ایران سرفصلها