McClatchy has aggressively paid down debt over the past three years.
Despite industry headwinds, McClatchy is still generating free cash flow.
McClatchy's unfunded pension liability and weak balance are too much to overcome.
While the energy industry and the mall REIT sectors continue to face headwinds, the newspaper industry’s struggles often go unnoticed. Facing the perpetual innovation of digital technology, newspaper companies are having to downsize and re-invent