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MNI meaning in Business ? |
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Answer» What is McClatchy Company mean? The McClatchy Company, commonly referred to as simply McClatchy, is an American publishing company incorporated under Delaware's General Corporation Law and based in Sacramento, California. It operates 29 daily newspapers in fourteen states and has an average weekday circulation of 1.6 million and Sunday circulation of 2.4 million. In 2006, it purchased Knight Ridder, which at the time was the second-largest newspaper company in the United States (Gannett was, and remains, the largest). In addition to its daily newspapers, McClatchy also operates several websites and community papers, as well as a news agency, McClatchy DC Bureau, focused on political news from Washington, D.C. In February 2020, the company filed for Chapter 11 bankruptcy, intending to reorganize and complete the bankruptcy process within a few months. In July 2020, Chatham Asset Management, a hedge fund, won the auction to buy McClatchy for US$ 312 million. reference
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