Newspaper chain McClatchy files for bankruptcy protection

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Newspaper chain McClatchy which publishes thirty newspapers including the Miami Herald in the Kansas city star said yesterday that it had filed for bankruptcy protection McClatchy said it's newspaper will continue to operate as normal as it reorganizes under chapter eleven it hopes to emerge from bankruptcy protection in a few months as a private company with majority ownership by a hedge fund that's both its largest shareholder and debt holder to doing so well and a hundred and sixty years of family control of McClatchy is the newspaper chain files for bankruptcy so perhaps Egon in Ghostbusters was correct print

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