Report: The Miami Herald Is For Sale

New York Times:

The McClatchy Company, 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, who asked for anonymity because they were not authorized to discuss the issue. But they said they knew of no serious offers for the paper, reflecting the evaporation of major investors' interest in buying newspapers.

Read the whole story: New York Times

Comments

[Retrofuturistic]

News flash: When the free press stopped being free, people could tell they were being manipulated, so they stopped reading it.

Want newspapers to be profitable again? Maybe start telling the truth.... Maybe include some "real" news, not what Britney Spears is doing, and not depicting what a football team does as "news".

[charitabledonation]

Oprah should buy it and turn FL blue.

[bascombe]

All comments are censored. what gives?

[bascombe]

too bad mcClatchy gets caught in with the screwed up rags.

[TheJibreelaMonsters]

I got 1st dibs, I pledge a carton of cigs

[PaHairO]

Don't worry ... Uncle Sam is printing money for us to buy toxic crap RIGHT NOW.
.

While we're at it, anybody want a dead manufacturing sector ? Seller financing - hurry in and buy now !

[ticklethewire]

the herald was once a great paper.. it's too bad it's gone down hill like so many other great american newspapers. (from allan lengel, editor ticklethewire.com)

[ruffmama]

I lived in Miami for 35 years.....­moved to the Atlanta area two years ago.

I really miss The Herald. It was a good newspaper.

And it sure beats the heck out of the Atlanta Urinal and Constipati­on....oops­...I mean the Atlanta Journal and Constitution.

[mec57]

Atlanta isn't even on the radar as a good newspaper town.

[Gasparilla]

If you read the story, it's clear they took on took much debt buying Knight Ridder. And I agree that it's not a good paper, and has not been for many years. All they do is suck up to the crooks at City Hall. Miami is one of the most corrupt cities in America. There is huge Medicare fraud.

[Big0725]

If this is one of McClatchy's most prized properties, then they're in really big trouble. This paper has been a rag for over twenty years. The Miami News was a vastly superior news paper.

[Wiredwilly]

The Herald is nothing but Neocon propaganda. The Miami News was a good paper they drove out of business years ago to obtain monopoly control of information in South Florida. I hope they sink like the Titanic.

[VOTER]

The Miami Herald began changing with the new ownership of McClatchy in 2006.

Check out McClatchy DC Online for some of the BEST Iraq reporting to be found.
No neocons here.
Facts up front and in your face.

Hate to read about McClatchy having financial difficulties.
We need McClatchy. Period.

[satyriasis]

This is sad. Without newspapers how will we get real news? Cable? Talk radio? Yeah right.

[Gasparilla]

You're right, because a lot of what is on here is print news. And local news would all but disappear on the internet. I love people who say a paper is too big an expense, and then they buy a two dollar bottle of water that they could get from the tap.

[mec57]

love people who say a paper is too big an expense, and then they buy a two dollar bottle of water that they could get from the tap.

I haven't bought a newspaper in months...I buy two free papers that come out in NYC that are perfectly fine...rea­d the papers online, listen and watch BBC...I see no need for spending a buck-fifty on the Times...th­at now gets you a gallon of gas.