Money, the longtime personal finance magazine that converted to digital-only publication in 2019, has announced a deal to be the exclusive syndicated provider of that category to McClatchy and its 29 local outlets including the Miami Herald and The Kansas City Star.
This is notable partly because McClatchy has been making editorial investments, including in increased news staffing, since it was acquired by hedge fund Chatham Asset Management in the summer of 2020. That is a counter-narrative to the thesis that hedge funds uniformly bring cuts and more cuts to their properties. However, true to the close-mouthed hedge fund norm, Chatham and McClatchy have consistently declined to provide numbers and other details.
