Reports: Top Newspaper Publisher McClatchy Could File for Bankruptcy

Reports: Top Newspaper Publisher McClatchy Could File for Bankruptcy
The Sacramento Bee and McClatchy headquarters in Sacramento, California, in a file photo Google Street View
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:

A top newspaper publisher, McClatchy Co., is teetering near bankruptcy amid pension payouts, according to reports.

The company faces a mandatory $124 million contribution to its pension plan next year, reported Bloomberg News, which also detailed the possible bankruptcy filing.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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