Struggling firm insists there’ll be no changes in its 30 newsrooms but experts worry powerful journalism could be lost
To executives of McClatchy, Thursday’s bankruptcy of the second largest newspaper chain in the US is the fault of its pensioners, who outnumber current employees by a margin of 10 to one.
To industry analysts of the troubled newspaper sector it was simple economics, the inevitable consequence of a company expanding its empire through accumulated debt at the same time its customer base was shrinking.