Based on what people familiar with the newspaper business and McClatchy’s grave financial situation, including its immediate need for money to service its $2 billion in debt, have told me: All McClatchy’s newspaper properties, including the Raleigh News & Observer, are effectively for sale. McClatchy, like some other newspaper companies, is at the point of “No reasonable offer refused. But hurry!”
Wednesday, December 10, 2008
Is the News & Observer on the market, too?
John in Carolina takes a look at whether McClatchy would like to sell the News & Observer, in addition to its reported interest in selling the Miami Herald: