Diggings

A blog by Toby Dayton

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Archive for June, 2008

Seattle Dailies In Worse Shape Than Twin Cities’ Dailies

Back in May, McClatchy issued an SEC filing in which it had written down its 49% ownership stake in the Seattle Times from $102 million in 2006 to just $12 million, a drop of nearly 90%. McClatchy acquired the minority stake in its purchase of Knight Ridder and the Blethen family owns the remaining 51% [...]