McClatchy company, one of the largest and most respected American news publishers
The McClatchy company, one of the largest and most respected American news publishers, announces that hedge fund Chatham Asset Management won its bankruptcy sale in a court-supervised auction. Chatham, which owns the National Enquirer, has been an investor in the company since 2009. Court confirmation, likely at a hearing on July 24, is required. McClatchy has been burdened by heavy debt from its large pension obligations and the acquisition of newspaper chain Knight Ridder.
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The McClatchy company, one of the largest and most respected American news publishers, announces that hedge fund Chatham Asset Management won its bankruptcy sale in a court-supervised auction. Chatham, which owns the National Enquirer, has been an investor in the company since 2009. Court confirmation, likely at a hearing on July 24, is required. McClatchy has been burdened by heavy debt from its large pension obligations and the acquisition of newspaper chain Knight Ridder.