Bankruptcy plan to give control of McClatchy to hedge fund

//Bankruptcy plan to give control of McClatchy to hedge fund

Bankruptcy plan to give control of McClatchy to hedge fund

The bankruptcy of The McClatchy Co. could give ownership of the Sacramento Bee’s publisher to the owner of American Media LLC, the parent company of tabloid National Enquirer. McClatchy’s voluntary chapter 11 bankruptcy reorganization filed Thursday seeks to sell the company to Chatham Asset Management LLC, a private investment firm based in Chatham, New Jersey. The Sacramento Bee reported that Chatham “would operate McClatchy as a privately held company.” Sacramento-based McClatchy (AMEX:…

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By | 2020-02-13T23:32:46+00:00 February 13th, 2020|Media|

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