McClatchy Company may be heading for further financial trouble, according to a recent study. The American Thinker published an analysis by Christopher Alleva, which examined the financial health of the big newspaper chains. Several companies (McClatchy, Lee, and Journal Register) were found to be at risk. These companies, according to the study, invested in other print newspapers instead of diversifying into other industries. Here is the link.
Scripps, Washington Post, and Gannett are in better shape because they diversified into higher performing segments, according to the author.
Which raises the question: is McClatchy's business judgment as bad as its news judgment?
