McClatchy Co., the third-largest newspaper publisher in the U.S. by circulation, said it has begun talks with its creditors and federal authorities about a possible government takeover of its pension fund as it tries to relieve considerable liquidity pressure due to its pension responsibilities and debt load.
The 162-year-old company, which publishes 30 newspapers around the country, including the Miami Herald, Charlotte Observer, Sacramento Bee and Kansas City Star, said it would be unable to make a required $124 million...
the employees who earned their pensions arent dying but the company is.
Why should the rest of us fund their pension fund? We have enough trouble funding our own. Let them cut back on something. It's their responsibility. The American taxpayer has had enough.
Decline in subscriptions is based on decline in sales of bird cages which use newspaper to catch birdshit...
The pension system created in some instances a century ago is antiquated and unsustainable for both the private and public sectors... Time to change or go under!
It’s what happens when the paper makes a left turn and their readers don’t do with them.
Well that's called breach of contract I'm pretty sure... But these days, I'm sure they will find a way to skirt the issue.
They’ve chosen some odd and unpopular editorial stances in a time of print media’s slow death so **** em and feed them fish heads
Check out and see how we're building the social news network to end fake news. Follow us Overlooked_Inc