Web9 jul. 2024 · In April, McClatchy said it had received an offer worth more than $300 million from the two firms, which had taken on much of McClatchy’s debt in a Chapter 11 … Web13 jul. 2024 · McClatchy, America's second-largest newspaper chain, announced Sunday that Chatham Asset Management, a New Jersey-based hedge fund, will take over the company's assets as a result of its bankruptcy auction. Why it matters: It's the latest step in the gradual dismantling of an industry that used to be controlled by local families with …
How the McClatchy family went from fortune to bankruptcy The ...
Web13 jul. 2024 · McClatchy said it would contribute $1.4 billion in pension assets to the federal Pension Benefit Guaranty Corporation fund and expects the PBGC, which takes over … Web4 aug. 2024 · The hedge fund offered to convert the more than $262 million it owns in McClatchy debt into equity in a Chatham-owned version of the company. It also agreed … How can we help you? Find information about our coverage, products, … Knight Ridder, the second-largest newspaper company in the United … McClatchy, another chain, is likely to emerge from the bankruptcy it declared … Media industry news, commentary and analysis, including streaming platforms, … send a fart app
Under Hedge Fund Set to Own McClatchy, Canadian Newspapers …
WebIts current owner is the descendant firm, McClatchy Company, an American newspaper corporation. The Modesto Bee has about 70 employees and is delivered throughout central California, reaching places such as Modesto, Turlock, Oakdale, Ceres, Patterson and Sonora. It currently serves 29,729 morning subscribers and 37,616 on Sundays. [2] Web13 jul. 2024 · Chatham is a $4.4 billion hedge fund based in New Jersey. It is McClatchy’s biggest creditor and shareholder. The company, which was founded in 2002, is secretive; its managing partner, Anthony ... send a fart text