Suicidal, leftist newspapers die by their own hand

McClatchy news conglomerate files bankruptcy to shed costs of print and speed shift to digital

We’ve all heard of the term, “death by a thousand cuts,” which describes a series of miscalculations culminating in a slow and painful demise. The newspaper industry is stunningly illustrative of that idiom. Bonded to delivering a leftist perspective and delivering daily insults to readers, many have not only fallen victim to the digital age, but also to their own venomous spews aimed at President Trump.

TheLetter from Leadership,” signed by Chief Executive Officer Craig Forman informing that McClatchy newspaper publishing company has filed for bankruptcy begins with these ominous words:

On February 13, 2020, we announced that we are commencing a restructuring under Chapter 11 of the U.S. Bankruptcy Code to provide McClatchy with immediate protection while we pursue approval of our proposed restructuring plan and work to definitively address the Company’s funded debt, strengthen our balance sheet, and address our pension obligations moving forward.”

While this is obviously a sad milestone after 163 years of family control, McClatchy remains a strong operating company and committed to essential local news and information,” said Kevin McClatchy, chairman of the company that has carried his family name since the days of the California Gold Rush. “While we tried hard to avoid this step, there’s no question that the scale of our 75-year-old pension plan – with 10 pensioners for every single active employee – is a reflection of another economic era.” Read more here.

This dismal admission is accompanied by a YouTube video, titled,McClatchy Transformation,” in case its employees and debtors have difficulty grasping the words. A notice accompanying the video notes “comments are turned off.”

A separate Bloomberg Report foretells the coming death of newspapers. Charles Munger, a newspaper company executive as well as a Berkshire Hathaway Inc. vice chairman, said U.S. newspapers have no future.

“Technological change is destroying the daily newspapers in America,” Munger said Wednesday in Los Angeles at the annual meeting of Daily Journal Corp., the publishing company where the billionaire businessman is chairman. “The revenue goes away and the expenses remain and they’re all dying.”

Berkshire, the conglomerate controlled by Warren Buffett, announced last month that it would sell off its newspaper holdings.

Seeing Red AZ has frequently written about the death spiral in which the Hillary-endorsing, open borders promoting Arizona Republic newspaper has placed itself. Most recently the local Gannett publication made the news as an albatross with this Phoenix Business Journal headline,Analysis: Arizona Republic’s circulation decline among steepest for Gannett papers.” A success-based business model takes root in not routinely lobbing insult-laden spit wads at paying customers. This strategic concept is foreign to the failing newspaper that was originally known as the Arizona Republican, when it was founded in 1890. Today’s edition buries two pro-Trump articles on Page 6 of the USA Today insert. ($60M+ raised for Trump in January) and (Poll: 6 in 10 doing better, credit Trump).

Gannett has its own headaches as detailed in this Forbes Business report, Reasons Why Gannett Stock Has Yet To Find A Bottom.”

7 Responses to Suicidal, leftist newspapers die by their own hand

  1. Mike says:

    Geez, thanks for getting my hopes up for nothing! When I saw the headline in my email notification I thought that the Repugnant itself had finally bitten the dust.

    Guess I’ll have to put up with the geriatric delivery lady blinding me with her bright lights during my morning runs for a while longer as she continues to hunt for that elusive one-remaining-Democrap-household-per-cul-de-sac.

    • Casper says:

      Too funny!

      I’ve also noticed the decline of newspapers in my neighborhood. The AZ Repulsive would like us to think everyone’s switched to digital, but that’s not the case, which I’ve been told by a very worried employee not yet retirement age. The reporters recently voted to unionize.

      News is readily available from a wide variety of sources, minus the leftwing slant, constant hammering of Pres. Trump and reliable endorsements of dems.

  2. State Delegate says:

    The AZ Repukelick is nothing more than an arm of the Democrat Party. It only endorses RINOs such as Juan McCain and Jeff the Flake.

    It’s already beating up on Martha McSally prepping for its endorsement of Soros-supported, gun confiscator Mark “Mr. Gabby Giffords” Kelly. It also endorsed Soros supported Maricopa County Sheriff Paul Penzone. Socialist and globalist George Soros has dedicated himself to spending his $billions to remove Republicans from law endorsement agencies across the country. He is behind what is now the foolish effort to bring about “criminal justice reform” which is a pro-criminal charade, currently being embraced by too many who should know better. It’s all about garnering votes at the expense of law abiding citizens. Don’t be conned by this slick sales pitch. Pay attention to what’s actually going on.

    https://www.politico.com/story/2016/08/george-soros-criminal-justice-reform-227519

  3. jake sez says:

    I would like to have a local newspaper to read over breakfast. Too bad there is not a good conservative paper available.

    • Seen It All says:

      It’s impossible to believe today, but the Arizona Republic was once that newspaper. It actually ran conservative columnists but had an op-ed page that gave voice to the other side. That’s something it never does now, which is why it’s dying. The owners Eugene and Nina Pulliam were conservative Republicans who also owned dozens of newspapers across the country. The news was balanced and they employed actual journalists who worked out of a newsroom, instead of ASU Journalism students working out of their cars. The newspaper has been losing money for years and it now begs for subscribers following some of the articles. I would never pay for this radically extremist rag, but I see it occasionally at a breakfast cafe I frequent on weekends, where a couple of editions are circulating in sections. Whenever I look at it, it makes me glad I no longer waste my money on the far left garbage being promoted as news. BYW, Eugene Pulliam was the grandfather of Vice President Dan Quayle.

  4. Patriot Mom says:

    The Repukelick admitted in an article that it began losing subscriptions after it endorsed crooked Hillary over Donald Trump. Thank God no one with any sense paid attention to the recommendation. ALL 11 of Arizona’s electoral votes were cast for Pres. Trump. We were among the Trump supporting subscribers who cancelled!