What began in as a four-page newspaper in the dusty streets of Sacramento, California has grown into a digital network spanning local markets from California to Florida, from Washington state to Washington D. Today we find ourselves more connected and more nimble—and our role as truth-tellers and protectors of independent voices more vital than ever.
While other papers of the time came and went, The Daily Bee—later renamed The Sacramento Bee—persevered through an independent approach to journalism and a commitment to quality.
What followed was more than a century of growth, fueled by the acquisition of quality media companies in growing markets across the country, including the purchase of Knight Ridder, which made McClatchy, at that time, the second largest newspaper publisher in the United States.
Along the way, the work of journalists from our media companies has been honored with many awards, including more than 50 Pulitzer Prizes. Today, McClatchy operates a leading local media company in 30 U.
The ways in which we deliver award-winning content will continue to evolve, but our dedication to quality journalism, community service, and free expression will never change. The release said the proposed agreement will be finalized and filed with the U. Bankruptcy Court in the coming days. McClatchy "will transition out of Chapter 11 as it entered it: in its totality, as one company serving 30 communities across America," according to the release.
The company said it hopes to exit Chapter 11 in the third quarter of , "having achieved a resolution and restructuring of the Company's complex legacy debt and pension obligations, while maximizing value for the Company's creditors. The labor union said it joined the committee of unsecured creditors and asked for adoption of collective bargaining agreements. Facebook Twitter Email. Newspaper chain McClatchy announces Chatham Asset Management is successful bidder in bankruptcy auction.
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