McClatchy wrote to investors.Also Read: Local Newspaper Closures and Layoffs Accelerate During the Pandemic: 'Hardly Anyone Is Safe'McClatchy — which publishes top papers across the country like The Miami Herald, The Kansas City Star, The Charlotte Observer and The Sacramento Bee – filed for Chapter 11 bankruptcy protection in February.
Chatham, which has been an investor since 2009 and is now its largest creditor, also owns The National Enquirer and other supermarket tabloids.
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