Entries tagged "McClatchy"
Ratings agency Moody's Investors Service forecast a darkened outlook for two newspaper bellwethers, the New York Times Co. and McClatchy.
The newspaper industry is in critical condition, and CBS CEO Les Moonves makes no bones about it. The media veteran, who helped engineer CBS' $1.8 billion purchase of online media company Cnet Networks Inc. in May, seemed to be gloating, telling an audience at MIXX 2.8, the Interactive Advertising Bureau's annual advertising conference Tuesday, about his company's new direction, which seems to spell only more troubles for the newspaper industry. ...