'Several Cities' Could Have No Daily Paper As Soon As 2010, Credit Rater Says
By Mark Fitzgerald
Editor & Publisher
Published: December 03, 2008 10:55 AM ET
Fitch rates the debt of two newspaper companies, The McClatchy Co. and Tribune Co. as junk, with serious possibilities of default. It also assigns a negative outlook to both the companies and the newspaper sector, meaning their credit ratings are likely to deteriorate further.
Thursday, December 04, 2008
THIS IS REALLY BAD NEWS
McClatchy (formerly Knight-Ridder) may be history within a year or so. Their coverage of the run-up to the Iraq War and it's prosecution were superb.
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