McClatchy to Declare Bankruptcy?

Maybe if your posts weren’t constantly rant first and ask questions later, you’d know that McClatchy has been in trouble for years. Almost all of the publicly traded companies are.

 

Full-Time Equivalent, actually.
Two (or more) part-timers can be claimed as one FTE, for example.

Full-time equivalent - Wikipedia

 

Wouldn't shock me if every other chain outside of GannettHouse were sidling up to the bar and getting their mack on.

 

I wonder how they can afford to cut so many at the one spot they are laying out so many newspapers. I wonder if they just will overwork the remaining layout people.

 

Layout people now are doing multiple sections a night (3 sports sections OR 3 A sections OR 2 A sections and one sports section, OR 1 A section and two sports sections). And they're making almost all the decisions on what wire stories to use (unless a news editor wants one for a section front). One wire person came up with a very effective naming convention to ostensibly "rank" the wire stories. That makes it much easier for designers not to overlook something that really should be a must-run.

 

Yup. This will totally end well.

 

You nailed it.

 

CEO Craig Forman will be in the Charlotte offices Wednesday, I assume to talk about "exciting changes" and stuff. Good thing the employees recently had active shooter training in the building.

 

Fire Craig Forman.

 

Lot of activity this week ... are we looking at massive staff cuts at Gatehouse/Gannett, McClatchy and Tribune? Crazy times. I'm thinking worst company still is Gatehouse, followed by those Alden papers, then McCluckey.

 

Yes. The Gannet said there wouldn't be layoffs in newsrooms, aka there will certainly be layoffs in newsrooms.

 

MNI currently trading at 38 cents a share. Remember that a few years ago, it did a 1-for-10 stock split, so if you're scoring at home, a stock that was trading at a split-adjusted $75 only 15 years ago is now trading at 3.8 cents.