Chatham Asset Management, a New Jersey-based hedge fund, was the successful bidder for a court-sanctioned auction over the bankrupt newspaper chain McClatchy.…
Chatham Asset Management, a New Jersey-based hedge fund, was the successful bidder for a court-sanctioned auction over the bankrupt newspaper chain McClatchy.
McClatchy, which owns major local newspapers including the Miami Herald the Charlotte Observer, said in a statement Sunday that Chatham Asset won the auction to buy the company.
«We’re pleased that Chatham and the supportive secured first-lien creditors believe in our business and our mission and are helping to achieve these goals.
