Sean King

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Knoxville, Tennessee, United States

Sunday, December 7, 2008

The Decline of the MSM Continues:

The McClatchy Co., burdened by debt and a steep slide in newspaper advertising, wants to sell one of its most prized properties, The Miami Herald, according to people briefed on the company's plans.

McClatchy, the nation's third-largest newspaper chain, has approached potential buyers for The Herald, said these people. But they said they knew of no serious offers for the paper, reflecting the evaporation of major investors' interest in buying newspapers.

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