Saturday, December 06, 2008

Pssst...wanna buy a newspaper?

The New York Times is reporting that the McClatchy Company "has approached potential buyers for The [Miami] Herald."
"The people briefed on the company’s plans say The Herald generates a very slim operating margin and that the most attractive part of any deal could be its prime waterfront real estate. But the Florida real estate market is in deep recession — one of the reasons for the struggles of the paper, which used to benefit from heavy real estate advertising."
The Times posted this story Friday evening but as of Saturday at 1pm there appeared to be nothing regarding "the sale" on the Herald's website.

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