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Home Front

A blog about the economy and the Sacramento-area real estate market.

December 16, 2008
A bit more about McClatchy

    I write, you respond. I'm thankful for that. But one of your comments to my posting Monday about McClatchy's problems cried out for a response from me.

     One of you argued that I was ignoring the effect of McClatchy's purchase of Knight Ridder; you even suggested the topic was "off limits" for me.

    Nothing's off limits. I've written extensively about the $2 billion debt remaining from that deal, and the continuing impact it's had on the company.

    The reason why I didn't mention it in Monday's Home Front post was that it didn't seem relevant to the argument I was making: That the downturn in revenue has nothing to do with a newspaper's editorial slant.

    Hope this clarifies. Thanks again for your comments.

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