MNI - McClatchy Company Is Headed Towards Restructuring
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 themselves to survive. McClatchy Company (MNI) is not immune to these struggles. The newspaper conglomerate, across 30 markets, saw its stock crater after its third-quarter earnings report last month.
The selloff was not isolated to the company’s stock. All of McClatchy’s bonds saw declines in price, especially the company’s furthest maturity (due in 2029). The company’s 2026 and