Wednesday, November 13, 2019
SHOCK!!! KANSAS CITY STAR PARENT COMPANY McCLATCHY GOING DOWN!!!
In much the same way that following hottie Lais via social media keeps us abreast of the fashion world . . . We rely on our KICK-ASS TKC TIPSTERS to help track the important daily deets of journalism.
To wit . . .
TONIGHT THE TKC BLOG COMMUNITY NOTICES NEWSPAPER COMPANY McCLATCHY SINKING LIKE THE TITANIC!!!
Reader warning . . .
"SINKHOLE EXTENDING FROM CALIFORNIA TO KC / WICHITA AREA REVEALED -- KC Star and Wichita Eagle parent The McClatchy Company is now confessing that they're heading to bankruptcy within the next 12-18 months."
One more shot across the bow . . .
"Kansas City Star Should Have The Sinking Feeling. I wonder what church will buy their printing building? I'm sure printing religious tracts would be more profitable than last week's news and the latest marching order from the DNC."
A kinder insight . . .
"News of McClatchy tossing in the towel on its pension. I feel very sorry for all of its current employees, and retirees. (I am one of them)."
Accordingly . . .
Here's a link lineup featuring more insight into the quickly sinking fortunes of the Kansas City news biz, now circling the toilet bowl of history . . .
Poynter: McClatchy’s financial distress has the company exploring options — including a sale
Wall Street Journal: McClatchy Seeks to Have U.S. Take Over Pension Fund
MarketWatch: Newspaper publisher McClatchy warns of ‘liquidity challenge’
And so . . .
Tonight we invite our blog community to take a cold, hard look at the newspaper biz and Kansas City's faltering print media fortunes. Is the dead-tree media decline good or bad for this town or simply a fact of life???
You decide . . .