McClatchy Co. stated it applied for bankruptcy defense on Thursday as the newspaper publisher looks for to rearrange to handle the pressures of significant pension and debt obligations and a declining company.
The 163- year-old publisher of the Miami Herald, Sacramento Bee, Kansas City Star and other popular papers stated it initiated a chapter 11 restructuring in U.S. Personal bankruptcy Court in New York City.
McClatchy …
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source https://jobsearchtips.net/newspaper-publisher-mcclatchy-files-for-chapter-11-bankruptcy/
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