<-rte-company state="{"_id":"0000016e-800f-d283-a77e-cd9fa0260000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">The McClatchy Co.-rte-company>, the storied news publisher weighed down by pension obligations and debt, could file for bankruptcy within the next year, according to analysts.
The company faces a <-bsp-bb-link state="{"bbDocId":"Q0WUWE3MSFLS","_id":"0000016e-800f-d283-a77e-cd9fa0270000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">mandatory-bsp-bb-link> $124 million contribution to its pension plan in 2020.
“If they can’t offload the pensions or get pension plan relief, they’ll have to file for bankruptcy,” said media analyst <-bsp-person state="{"_id":"0000016e-800f-d283-a77e-cd9fa0280000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Craig Huber-bsp-person>, founder of <-bsp-bb-link state="{"bbHref":"bbg://securities/1518437D%20US%20Equity","_id":"0000016e-800f-d283-a77e-cd9fa0280001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Huber Research Partners LLC-bsp-bb-link>, who has followed the company since 1995. In an interview, Huber estimated McClatchy would have free cash flow of less than $20 million next year, a fraction of what it ...
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