Categories
Business Executive

Newspaper Publisher McClatchy Files for Bankruptcy

Newspaper publisher McClatchy Co. has submitted for Chapter 11 bankruptcy security as it seeks to restructure more than $seven hundred million in personal debt.

The organization publishes 30 newspapers which include The Miami Herald, The Kansas Town Star, and The Sacramento Bee.

Pending court docket approval, sixty% of its personal debt would be eliminated and regulate of the organization would be presented to McClatchy’s biggest creditor, the hedge fund, Chatham Asset Management.

Chatham Asset Management also owns a bulk stake in the National Enquirer and Postmedia, the biggest Canadian newspaper chain.

“When regional media suffers in the experience of market

Read More
Categories
Business Management

Want to Be a CFO? Consider Some Numeric Body Art

There are all sorts of means to get on an upwardly cell monitor that may culminate in a CFO appointment.

Even obtaining a tattoo.

Just check with Dave Raszeja. He’s acquired a single on his appropriate arm that sports activities the very first one hundred digits of pi.

Dave Raszeja

“Getting the pi tattoo was possibly a single of my much better vocation moves,” states Raszeja, who will acquire on his very first CFO job on March 1 at Penn Mutual Everyday living Insurance coverage, a $3.3 billion revenue firm that manages some $33 billion in property.

He’d been at

Read More
Categories
Business & Finance News

CFOs On the Move: Week Ending February 14

Eoin Tonge

Eoin Tonge will be signing up for British isles retail large Marks and Spencer in June as chief monetary officer. Tonge has been CFO of usefulness foodstuff manufacturer Greencore Group since 2016. Before his CFO job, he was the taking care of director of the grocery business enterprise and was beforehand the chief method officer at Greencore. David Surdeau, at present interim CFO, will remain with the business to assistance the changeover. Surdeau took above for CFO Humphrey Singer, who stepped down right after 18 months in the job.

Private label packaged foods business TreeHouse Foods named William

Read More
Categories
Business Consultant

Attacked by Ransomware, Many Companies Opt to Pay Up

It’s like the plot of a James Bond motion picture: Hackers consider manage of a world-wide organization’s laptop or computer devices and threaten to demolish its documents, steal its mental residence, and drain its bank accounts unless of course a significant ransom is deposited into an untraceable offshore bank account by the close of the working day.

Other than as a substitute of Agent 007 suavely monitoring down the nameless would-be robbers and conserving the organization from ruin, its leaders give in — and pay the ransom.

To a tiny-found but alarming degree, so-named “ransomware” assaults on governments, firms, and

Read More