A federal bankruptcy judge has okayed McClatchy’s rules
for potential buyers, and a hearing to approve a buyer is set for July 24, the
Fresno Bee reported.
McClatchy owns the Bee.
Sacramento-based
McClatchy said all interested parties are prepared to enter initial bids by
this week, the Bee said.
In April
Judge Michael E. Wiles had ordered the company and creditors to provide him
with an agreed-upon bid process and a timetable. A plan was provided to the
court and Wiles agreed to it with some tweaks, the paper said.
McClatchy
owns the Miami Herald, the Kansas City Star, the Sacramento Bee, the Charlotte
Observer, the (Raleigh
News and Tech
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