It’s been a particularly rough couple of months for those who care about local journalism — which should be every American citizen.
Warren Buffett sold his 31 newspapers in January, a powerful vote of no confidence in their financial future. A rapacious hedge fund got its claws deeper into the Chicago Tribune chain in December, which includes the New York Daily News and the Baltimore Sun. Gannett and GateHouse, the two biggest newspaper chains, continued merging — a development almost certain to mean more staff cutbacks in already shrunken newsrooms.
And then on Thursday came more devastating news. Weighed down under enormous debt, the McClatchy newspaper chain — one of the nation’s largest newspaper publishers and owner of the Miami Herald among many others — was filing for bankruptcy protection.