McClatchy has the Herald on the block, but nobody’s buying, reportedly.
Why would they? South Florida real estate will be in the tank — commercial reali estate, mind you, and not just homes — for another five years, I would guess. That means five years of crappy real estate add.
Meanwhile, McC has $2 bil of buyout debt from taking over Knight-Ridder just two short years ago. God, it sucks to be in this business.
I mean, community newspaper chains aren’t as bad off, certainly, but folks whose newspaper companies are based on big dailies?
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
December 07, 2008
No takers for Miami Herald?
Labels:
McClatchy Newspapers,
newspapers
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