HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » McClatchy: newspaper publ...

Fri Feb 14, 2020, 09:48 AM

McClatchy: newspaper publisher bankruptcy 'a loss for democracy', experts warn [View all]

Source: The Guardian

Struggling firm insists there’ll be no changes in its 30 newsrooms but experts worry powerful journalism could be lost

The publisher of the Miami Herald, the Kansas City Star, the Sacramento Bee and dozens of other newspapers nationwide is filing for bankruptcy protection.
The publisher of the Miami Herald, the Kansas City Star, the Sacramento Bee and dozens of other newspapers nationwide is filing for bankruptcy protection. Photograph: Rich Pedroncelli/AP
To executives of McClatchy, Thursday’s bankruptcy of the second largest newspaper chain in the US is the fault of its pensioners, who outnumber current employees by a margin of 10 to one.

To industry analysts of the troubled newspaper sector it was simple economics, the inevitable consequence of a company expanding its empire through accumulated debt at the same time its customer base was shrinking.

Yet whatever the reasons for the failure of a company that publishes many of the biggest titles in American journalism, including the Miami Herald, Fort Worth Star Telegram, Charlotte Observer and its hometown Sacramento Bee, there is no doubting the cost: truth and knowledge in an era of rampant fake news and misinformation.

“It’s a big, big loss for American democracy,” said Nicholas Lemann, the dean emeritus of the Columbia school of journalism.

Read more: https://www.theguardian.com/media/2020/feb/14/mcclatchy-bankruptcy-newspapers-democracy

14 replies, 1439 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 14 replies Author Time Post
Reply McClatchy: newspaper publisher bankruptcy 'a loss for democracy', experts warn [View all]
usaf-vet Feb 2020 OP
no_hypocrisy Feb 2020 #1
Dennis Donovan Feb 2020 #3
Joinfortmill Feb 2020 #2
Sherman A1 Feb 2020 #4
cstanleytech Feb 2020 #5
Ligyron Feb 2020 #7
Sherman A1 Feb 2020 #8
czarjak Feb 2020 #13
jimfields33 Feb 2020 #6
LiberalFighter Feb 2020 #10
jimfields33 Feb 2020 #12
bucolic_frolic Feb 2020 #9
Mersky Feb 2020 #11
Laelth Feb 2020 #14