Latest American Media Inc News

FILE - Copies of the McClatchy Co. owned Miami Herald newspaper are shown Oct. 14, 2009,  in Miami. Hedge fund Chatham Asset Management plans to buy newspaper publisher McClatchy out of bankruptcy, ending 163 years of family control. The companies did not put a price on the deal in an announcement Sunday, July 12, 2020. The agreement still needs the approval of a bankruptcy judge; a hearing is scheduled for July 24.
(AP Photo/Wilfredo Lee, File)

Chatham announces plan to buy newspaper publisher McClatchy

Jul. 12, 2020 3:25 PM EDT

NEW YORK (AP) — Hedge fund Chatham Asset Management plans to buy newspaper publisher McClatchy out of bankruptcy, ending 163 years of family control. The companies did not put a price on the deal in an announcement Sunday. The agreement still needs the approval of a bankruptcy judge; a hearing is scheduled...

FILE - In this June 30, 2020 file photo, Treasury Secretary Steven Mnuchin testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak (Tasos Katopodis/Pool via AP, File)

Small business aid went beyond hard-hit companies, data show

Jul. 6, 2020 6:53 PM EDT

WASHINGTON (AP) — The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity owned...