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?
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