Cars.com, CareerBuilder, And Newspapers: Unlocking Not-So Hidden Assets At McClatchy
- Investments in Cars.com and CareerBuilder are worth more than McClatchy's market cap.
- Liquidity concerns are overstated: 80% of debt is due post-2021.
- Newspaper operation still generates $1/share in free cash flow.
- Potential sale of Cars.com can unlock significant value.