Newspaper Giant McClatchy Gets Reprieve on Pensions Due to COVID-19

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Newspaper giant McClatchy, which is operating under Chapter 11 bankruptcy, has been able to put off contributions to its pension fund until January 2021 thanks to the CARES Act.

The owner of the Kansas City Star, the Miami Herald, the Charlotte Observer and 27 other media properties also received a tax refund of $11.7 million thanks to CARES, according to a Tuesday filing with the Securities and Exchange Commission.

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