Posts Tagged ‘McClatchy’

Hodge provides thoughts on Bottom Line Comm’s recent critism of Funkhouser coverage by Kansas City Star

Sunday, June 14th, 2009

Hodge at

Bottom Line Communications is a company in Kansas City whose specialty includes covering those who cover news.  I have only recently become familiar with the group, but Bottom Line is respected by those on the left and the right for being fair and going out of its way to be non-political.  Its “no dog in the fight” reputation is why the following statement regarding The Kansas City Star’streatement of KCMO Mayor Mark Funkhouser is so noteworthy:

No objective observer could say the majority of its coverage of the Funkhouser administration has represented honest and objective journalism. From Day One virtually every move he has made has been criticized.

In fact, at times it seems as if the main goal of the McClatchy-owned paper has been to undermine everything Funkhouser has attempted to accomplish. A few months ago the Star actually went so far to take the unprecedented action to rescind its original endorsement of him.

Vote to predict the future of The Kansas City Star’s columnist line-up

Wednesday, June 3rd, 2009 free polls
1. The Kansas City Star lists six news columnists. Will Mike Hendricks be the next news columnist to lose his job?
Yes No


2. If not Hendricks, whose column will next be eliminated at The Star?
C.W. Gusewelle
Debra Skodack
Steve Penn
Mary Sanchez
Steve Kraske
The Star will go out of business before further eliminating news columns
The Star will rebound and again become profitable, and will add new columns free polls


3. Will The Star cut the jobs of all white news columnists, regardless of merit, before Penn (who is black) and Sanchez (Hispanic)
No free polls


4. If The Star chooses to disregard merit and heavily consider race while further eliminating columns, will Jason Whitlock be considered equally black?
Yes. The Star would treat Whitlock just like any other black columnist.
No. The Star will consider Whitlock to be too white, or there will be some other disqualifier found. free polls

Standard and Poor’s Ratings Services downgrades McClatchy Co.

Monday, May 25th, 2009

McClatchy Watch:

Joining Fitch and Moody’s, Standard & Poors today downgraded McClatchy deeper into junk territory.

Standard & Poor’s Ratings Services on Friday slashed its corporate credit rating on newspaper publisher McClatchy Co. four notches deeper into junk territory after the company offered to buy back $1.15 billion in debt at a fraction of face value.

The ratings agency cut the corporate credit rating and secured debt rating to CC from CCC+, a four-level downgrade to just three steps away from a default rating. The outlook for the corporate credit rating is negative.

Moody’s Investor Services downgrades McClatchy

Monday, May 25th, 2009

McClatchy Watch:

…Moody’s said the offer amounted to a distressed debt exchange, a default under its rating definitions. Credit raters not only don’t like the offer to pay far less than face value on the notes, they also say it amounts to coercion because holders who don’t exchange the old notes will have to get in line behind holders of the new notes if McClatchy were to go bankrupt or trigger some other default event.

Blog ‘McClatchy Watch’ covers the accidental publishing by Sacramento Bee of voter-bashing editorial: ‘voters now have a clue what the Bee really thinks about them’, ‘the Google cache of the initial editorial was intentionally disabled’

Monday, May 25th, 2009

McClatchy Watch:

But the Bee later pulled the anti-voter commentary down and replaced it with an anti-politician editorial, along with an explanation that the initial commentary was published by mistake. A note from editorial page editor David Holwerk said the first item was a draft for internal discussion among board members.

“Such discussions are a routine part of our work, and frequently lead to editorials that are considerably different from writers’ first drafts.That’s what happened in this case. After discussion, we decided that our initial editorial about the special election should take a different tack. The result was the editorial that now appears on this page. This editorial is the only editorial about the special election that appeared in Wednesday’s editions of The Bee.”

You can read the second commentary here. (It’s actually pretty good.) But given the major faux pas in posting the anti-voter commentary, readers will wonder if the Bee is really on their side.

FYI, Doug Ross notes the Google cache of the initial editorial was intentionally disabled at the paper.