Local News
McClatchy, owner of News & Observer, files bankruptcy
McClatchy hopes to shed legacy costs, saying, "Legacy companies carry large pension obligations that eat into cash flow and profits." Officials said more than 7 million shares of both publicly available and protected family-owned stock would be canceled.
Details
Transcript
McClatchy hopes to shed legacy costs, saying, "Legacy companies carry large pension obligations that eat into cash flow and profits." Officials said more than 7 million shares of both publicly available and protected family-owned stock would be canceled.
Web Editor : Heather LeahPosted 2020-02-13T08:57:49-0500 - Updated 2020-02-13T08:57:49-0500