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Hedge Fund to Pay $312M for McClatchy Newspaper Chain

from The Associated Press

Hedge Fund to Pay $312M for McClatchy Newspaper Chain The Associated Press Hedge fund Chatham Asset Management says will pay $312 million to buy newspaper publisher McClatchy out of bankruptcy protection. Chatham recently said that it plans to offer employees at the 30-newspaper chain their current jobs with the same pay and benefits, and it will honor collective bargaining agreements. READ MORE

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