Thursday, September 27, 2007

McClatchy collpase would hurt Sacramento region

R. E. Graswich is a radio host at Sacramento's KFBK. He is a former writer for the Sacramento Bee. He also writes a blog at SacMag. In a 9/27 article, Graswich points out what has largely been ignored in Sacramento - the Sacramento Bee is in deep financial trouble. Classified ad revenue has plummeted, readership has declined, and The Bee's online efforts have flopped. Judging by the huge drop in McClatchy's stock price, investors have little faith. Graswich points out there are approximately 1,200 employees at The Bee. Here is the link:
http://sacmag.com/blog/index.php?op=ViewArticle&articleId=258&blogId=8The