"The publisher of the Miami Herald, The Kansas City Star and dozens of newspapers across the country is filing for bankruptcy protection.
McClatchy Co.'s 30 newsrooms, including The Charlotte Observer, The News and Observer in Raleigh, and The Star-Telegram in Fort Worth, will continue to operate as usual as the publisher reorganizes under Chapter 11 bankruptcy protection.
"The publisher's origins date to 1857 when it first began publishing a four-page paper in Sacramento, California, following the California Gold Rush. That paper became The Sacramento Bee.
...The company expects to pull its listing from the New York Stock Exchange as a publicly traded company, and go private."
NPR adds:
"A big investor declared Wednesday that newspapers are "all dying," Bloomberg reported.Dead tree publishers aren't the only ones run over by the turbulent digital roller coaster. Ironically, from CNN, January last year: Media industry loses about 1,000 jobs as layoffs hit news organizations
Charlie Munger, vice chairman of Warren Buffett's Berkshire Hathaway, said "technological change is destroying the daily newspapers in America. The revenue goes away and the expenses remain and they're all dying." Munger did say that The New York Times and The Wall Street Journal are likely to keep going."
"This week reaffirmed just how dire things have gotten within the industry, with about 1,000 jobs in media lost as the result of layoffs announced at BuzzFeed, HuffPost and Gannett — the nation's largest newspaper chain.Also last year: Gannett lays off journalists across the country
BuzzFeed announced Wednesday that it would lay off 15% of its workforce, or about 220 employees; Verizon announced it would cut 7% or approximately 800 jobs from its media division, which includes brands like HuffPost, AOL and Yahoo News; and Gannett slashed dozens of jobs at newspapers across the country."
"Another brutal day for journalism.The long slide in the U.S. newspaper industry continues with death by a thousand self-inflicted paper cuts. And is it any wonder? These dying media companies function as little more than thinly disguised propaganda outlets for the DNC. They're not fooling anyone. Don Surber summed it up far better than I could ever hope to write:
Gannett began slashing jobs all across the country Wednesday in a cost-cutting move that was anticipated even before the recent news that a hedge-fund company was planning to buy the chain.
The cuts were not minor."
"The New York Times and Washington Post pushed the Fake News about Russian Collusion so hard that they shared a Pulitzer Prize.Do you know what you get when you persistently mislead, deceive and lie to the American people? What you deserve!
They had convinced themselves that they were dealing with the Ku Klux Klan, which meant they were no longer beholden to the rules of journalism.
Whether the facts in a specific story were true did not matter. The only thing that mattered was the over-arching story that President Trump and his basket of deplorable supporters were bad people.
But the real evil was Obama using America's national security apparatus to spy on the political opposition. He and his henchmen lied to the FISA courts to get warrants to spy.
And the newspapers were accomplices."
A display of McClatchy papers.
