The Miami Herald is one of 30 newspapers owned by McClatchy. — AFP pic
A reorganisation plan included in the bankruptcy filing could hand over ownership of the newspaper chain to the private equity group Chatham Asset Management and end the McClatchy stock listing. Some former prestigious dailies have faced bankruptcy and others have seen the value of their companies drop precipitously.
“In this important moment for independent local journalism in the public interest, a reorganised capital structure will enable McClatchy to continue to pursue our strategy of digital transformation and continue to produce strong local journalism essential to the communities we serve,” Forman said.
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Coronavirus costs Vietnamese airlines US$430m in lost revenue | Malay MailHANOI, Feb 12 — The coronavirus has cost Vietnamese airlines about 10 trillion dong (US$430 million) so far in lost revenues following travel curbs between Vietnam and China, the government said today. Vietnam declared a public health emergency over the epidemic on February 1 and banned all...
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NBA Lakers, Warriors join Knicks at US$4b value, says Forbes | Malay MailNEW YORK, Feb 12 — NBA teams generated a record US$8.8 billion (RM36.3 billion) in revenue last year while the Los Angeles Lakers and Golden State Warriors joined the New York Knicks above US$4 billion in value, Forbes magazine reported Tuesday. The annual look at NBA finances showed league...
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