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Hedge fund-backed McClatchy guts newsrooms

Summary by The Stand
“McClatchy has decided that short-term profits for a hedge fund matter more than the wellbeing of the communities that its newspapers are supposed to serve,” says Pacific Northwest NewsGuild TACOMA, WA (September 17, 2026) — McClatchy Media has handed down sweeping layoffs in its newsrooms across the United States last week, gutting 17 local newspapers […]

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The Stand broke the news on Thursday, September 17, 2026.
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