Hedge fund Chatham Asset Management plans to buy newspaper publisher McClatchy out of bankruptcy, ending 163 years of family control.
The companies did not put a price on the deal in an announcement Sunday. The agreement still needs the approval of a bankruptcy judge; a hearing is scheduled for July 24. Read More
Facebook last week announced that more than 200 news organizations will receive nearly $16 million in grants through the Facebook Journalism Project’s relief fund for local news. These grants come from $25 million in relief funding announced in March from Facebook’s $100 million global investment in news. It includes:
$10.3 million being awarded to 144 US local newsrooms as part of the COVID-19 Local News Relief Fund Grant Program. The fund is supporting many publishers who are hardest hit by this crisis: nearly 80 percent of recipients are family- or independently owned and more than half are published by or for communities of color.
$5.4 million being awarded to 59 North American newsrooms that participated in Facebook Local News Accelerator programs focused on subscriptions and memberships. Read More
All-star panelist and public strategist Clint Brewer joined The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – Wednesday morning on the newsmakers line. Read More
Gannett, the newspaper chain known for buying local newspapers and cutting back on operations, including news, is now on the receiving end of an acquisition — by the owners of GateHouse Media. Read More
During Friday’s broadcast of The Gill Report – live on WETR 92.3 FM in Knoxville – conservative political commentator and Tennessee Star Political Editor Steve Gill was humored by the one-sided and propaganda-driven reporting by the ‘fake news media,’ and it’s ability to conveniently forget the actions of the lefts… Read More
About a dozen members of Congress warned Tuesday that newspapers in their home states are in danger of reducing news coverage, laying off workers or going out of business if the United States maintains recently imposed tariffs on Canadian newsprint. The Trump administration ordered the tariffs in response to a… Read More