North Carolina’s Two Largest Newspapers Now Bankrupt
The McClatchy Company — which owns The News & Observer, The Herald-Sun and The Charlotte Observer — declared bankruptcy this month.While North Carolina’s printing presses will continue rolling, the papers’ offices will likely reorganize under a private equity firm’s management.
North Carolina’s Two Largest Newspapers Now Bankrupt
The McClatchy Company — which owns The News & Observer, The Herald-Sun and The Charlotte Observer — declared bankruptcy this month.While North Carolina’s printing presses will continue rolling, the papers’ offices will likely reorganize under a private equity firm’s management.