Nov

19

McClatchy Watch

November 19, 2008 | 6 Comments

McClatchy Watch covers the implosion of the McClatchy newspaper company, which owns the KC Star. It has a huge debt load, crashing revenue, and can’t find anyone interested in buying or investing in it. In addition to the well-known troubles and stunning layoffs at the Star, McClatchy newspapers in Miami, Fort Worth, Seattle, and Sacramento are facing similar problems.  Cuts at these local newspapers are being used to balance the books at headquarters back in Sacremento.

Categories: Media


Comments

6 Comments so far

  1. ChrisM70 on November 19, 2008 12:13 pm

    McClatchy Watch is a web blog that does cover the downward spiral of the McClatchy newspapers. However, it’s telling from the website’s proper title (cancelthebee.blogspot.com) and from reading more than a few posts that this site is actually the cranky ramblings from a guy who really hates the Sacramento Bee and its parent company because he believes they are too liberal.

    Yes, newspapers have real issues, and much like the auto industry, most of them are self-inflicted. However, political leanings are not the problem.

  2. Jim S on November 19, 2008 10:18 pm

    Dang. Chris beat me to it. McClatchy Watch is as fair and balanced as World Net Daily, Drudge Report or some other right wing site.

  3. McClatchy Watch on November 20, 2008 2:06 am

    Hey, even a cranky guy can give you some good information about the Kansas City Star and it’s parent company, McClatchy.

    From Wednesday: McClatchy’s revenue falls 18 percent in October:

    (http://cancelthebee.blogspot.com/2008/11/after-market-closes-mcclatchy-releases.html)

    Also from Wednesday: McClatchy’s stock price falls 22 percent in one day:

    (http://cancelthebee.blogspot.com/2008/11/mcclatchy-shares-down-18-percent.html)

    I’ll give you the latest info on McClatchy layoffs and important news, stop by!

    Kevin Gregory,
    McClatchy Watch

  4. activist on November 28, 2008 3:23 pm

    Sorry Kevin but anyone who thinks the media is liberal has not been paying attention and isn’t going to get any website hits from me.

    I agree we have many problems with our media but I am smart enough to research media ownership and learn that conservatives own our media, thus causing your liberal bias claim to lose all credibility.

  5. cj on March 10, 2009 2:06 pm

    My last day at the San Luis Tribune is March 27. There are 7 of us total who are being layed off.

  6. Serene on May 26, 2009 6:10 am

    People who think that the media are liberal have not been paying attention to what? NYT, CBS, MSMBC, CNN, NBC, WAPO, McClatchy? Rational people know what they see. 95% of the newsroom in America voted for Obama. The studies support the same reality we see with our eyes.

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