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Will McClatchy move spur more 'news deserts'?; Newspaper company's bankruptcy filing doesn't bode well for local coverage.

Feb 14, 2020 - Los Angeles Times

Executives of McClatchy Co. -- the owner of the Sacramento Bee, Fresno Bee, Miami Herald and 27 other daily newspapers across the country -- put a brave face Thursday on their decision to file for bankruptcy protection.

The filing under Chapter 11 of the Bankruptcy Code would enable the company to manage its more than $700 million of debt, brightening its prospects, they said. In a few months, after a reorganization, "we expect to be even better positioned to ... continue delivering essent...