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Old 11-19-2019, 03:39 PM  
Shiver Me Timbers Shiver Me Timbers is offline
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Newspaper Publisher McClatchy Teeters Near Bankruptcy
The McClatchy Co., the storied news publisher weighed down by pension obligations and debt, could file for bankruptcy within the next year, according to analysts.

The company faces a mandatory $124 million contribution to its pension plan in 2020.

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The Sacramento, California-based company operates 29 newspapers including the Miami Herald, The Charlotte Observer and The Kansas City Star.
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Old 11-19-2019, 03:41 PM   #2
banecat banecat is offline
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Is they gonna have papers on Saturdays or not?
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Old 11-19-2019, 03:42 PM   #3
Shiver Me Timbers Shiver Me Timbers is offline
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Sounds like a bit of a problem-
McClatchy’s pension plan is underfunded by about $535 million...........
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Old 11-19-2019, 03:43 PM   #4
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Old 11-19-2019, 03:43 PM   #5
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They've been on the verge of bankruptcy for like 20+ years. I would say I'm surprised it hasn't happened yet, but I know how they managed to milk this shit for so long.
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Old 11-19-2019, 04:07 PM   #6
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Well Shiver me Timbers..
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Old 11-19-2019, 04:16 PM   #7
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How in the hell does a newspaper owe 124 million for one year of pension?

Good lord.
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Old 11-19-2019, 04:18 PM   #8
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Old 11-19-2019, 04:25 PM   #9
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Old 11-19-2019, 04:27 PM   #10
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They are going to screw over the workers and not pay the pension obligation.
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Old 11-19-2019, 04:43 PM   #11
Shiver Me Timbers Shiver Me Timbers is offline
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Well Shiver me Timbers..
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Old 11-19-2019, 04:54 PM   #12
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They are going to screw over the workers and not pay the pension obligation.
They'll end up with solid severance packages. They should've taken buyouts if they had the chance to do so
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Old 11-19-2019, 04:55 PM   #13
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The Star has been a train wreck for years. I subscribed for almost 40 years. Their customer service is as bad or worse than Comcast. Finally gave them the boot and haven't missed it at all.
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Old 11-19-2019, 05:31 PM   #14
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The Star has been a train wreck for years. I subscribed for almost 40 years. Their customer service is as bad or worse than Comcast. Finally gave them the boot and haven't missed it at all.
Comcast is awful. If the star is as bad or worse I'm wondering how they made it this long
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Old 11-19-2019, 06:19 PM   #15
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They are going to screw over the workers and not pay the pension obligation.
thats what businesses always do.
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