Mayor to bankruptcy judge: South Florida benefits if Miami Herald is locally owned

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The Miami (Florida) Herald reported this morning that Miami Mayor Francis Suarez has asked a judge to consider the public interest — and the vital role of local journalism — when weighing the fate of the Herald’s parent company, McClatchy.

McClatchy filed for Chapter 11 bankruptcy protection in February and the company expects to receive purchase bids in an auction scheduled for July 8.

“I would strongly urge the bankruptcy court to consider what’s best for our community and Florida when weighing the competing bids for the Miami Herald and the rest of the McClatchy newspapers,” Suarez wrote in a June 20 letter to Judge Michael E. Wiles of the U.S. Bankruptcy Court for the Southern District of New York. “We seek to ensure that the Miami Herald and McClatchy’s other papers emerge from the process with owners who are locally rooted and locally invested in our community, motivated primarily by a desire to serve the broader public interest, not the narrow bottom line.”

Read more from the Miami Herald


Read more here: https://www.miamiherald.com/news/local/community/miami-dade/article243815117.html#storylink=cpy

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