McClatchy’s financial distress has the company exploring options — including a sale

McClatchy reported a series of financial reverses Wednesday so severe that it may not be able to meet its obligations in 2020. Specifically it has a $120 million pension funding payment due in the spring. That “greatly exceeds the company’s anticipated cash balances and cash flow” it said in a press release. An appeal to … Continue reading McClatchy’s financial distress has the company exploring options — including a sale