Report: The Miami Herald Is For Sale

01/06/2009 05:12 am ET | Updated May 25, 2011
  • RICHARD PÉREZ-PEÑA 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.

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