McClatchy files for bankruptcy, likely ending 163 years of family control and setting up more consolidation in local news

The hedge fund that will likely soon control America's second-largest newspaper chain, Chatham Asset Management, is also majority owner of the National Enquirer and Canada's largest newspaper chain. It is advancing its "fundamental thesis on late-stage media consolidation in North America.
Read more: https://www.niemanlab.org/2020/02/mcclatchy-files-for-bankruptcy-likely-ending-163-years-of-family-control-and-setting-up-more-consolidation-in-local-news/?source=Snapzu