Behind McClatchy Layoffs -- A Mountain Of Debt
For instance, even as Moody's Investors Services was nudging McClatchy's corporate debt rating to the edge of junk bond territory, and warning that it likely would downgrade its credit further, the ratings firm had kind words for the publisher.
"Good reader demographics and the depth and quality of reporting in local markets drive demand from advertisers, which along with the company's strong cost management deliver above average industry margins ...
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