NPR

'Miami Herald,' 'Kansas City Star' Publisher McClatchy Files For Bankruptcy

The company, which operates 30 newsrooms in 14 states, announced a Chapter 11 restructuring. Saddled with debt and pension obligations, McClatchy said it will operate as normal during the process.
McClatchy acquired Knight Ridder, the owner of the <em>Miami Herald</em> and dozens of other newspapers, in 2006 but sold off several of those papers.

Updated at 10:12 a.m. ET

The long slide in the U.S. newspaper industry took another dramatic turn Thursday.

McClatchy, which operates the among its in 14 states, announced it has filed for. Saddled with debt and pension obligations, McClatchy said it will continue to operate as normal during the process.

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