McClatchy gets an upgrade


NewspaperMoody’s gave a rousing round of applause to newspaper group The McClatchy Company as only it can – rewarding it with an improved outlook based on a significant debt repurchase. That does not mean the company is out of the woods, however.

The company’s sale of its stake in a pair of dot-coms produced the cash necessary for the debt move.

Click here to Login & view the full article & read our famous RBR+TVBR observation (Not a member? Join Today!)