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Chatham Asset Management, LLC has announced that Tony Hunter will become chief executive officer of McClatchy Company, following the local news company's emergence from Chapter 11 and the completion of its court-approved sale to Chatham, in September.
8/7/20 02:49 PM
The agreement filed by McClatchy with the US. Bankruptcy Court outlines that the entirety of the 30 McClatchy news organizations will move seamlessly to the new ownership structure. All employees will be offered their current job with new McClatchy, with equivalent compensation, benefits and full credit for service years.
As part of the transition, Chairman Kevin McClatchy, President and CEO Craig Forman and fellow board directors announced plans to depart from the company when the transaction closes by the end of the third quarter.
7/27/20 12:52 PM
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.
6/26/20 02:22 PM
McClatchy has launched a text-to-speech audio feature that will offer readers the option to listen to news content produced by its 30 newsrooms across the country. This is part of McClatchy's strategy in the audio space, which includes initiatives in smart speakers, audio search and podcasts. McClatchy is the first local news media company with a national reach to launch text-to-speech technology.
4/30/20 04:44 PM
Will Chatham Asset Management, the hedge fund set to gain control of the company, want to operate it after bankruptcy? Or will it look to cash out via merger as quickly as possible?
2/14/20 03:12 PM
The Daily Memphian in Tennessee and McClatchy's Compass Experiment are two approaches to serving "news deserts" — and there are lessons to be learned from them. At the Mega-Conference, Eric Barnes and Mandy Jenkins will discuss the challenges and opportunities in starting a local news site.
1/12/20 09:56 AM
McClatchy's West Region Editor, Lauren Gustus, will lead a new company-wide effort as director of community funding initiatives. In this expanded role, Gustus will be responsible for building community support for important local journalism initiatives through grants, contributions from philanthropic organizations and individuals, and partnerships with local stakeholders and readers.
12/10/19 12:45 AM