(Photo by Justin Sullivan/Getty Images) Getty ImagesEven by the standards of the beleaguered newspaper industry, McClatchy has had a rough few days. First, McClatchy warned of "liquidity challenges", saying it couldn't afford to make a $124 million pension payment to its pension plan due in 2020. Although the stock rebounded 25 percent Monday, keep in mind that McClatchy's stock closed at 61 cents, so tiny price changes have a dramatic impact. Like other newspaper publishers, McClatchy has failed to grow its online advertising and subscription businesses sufficiently enough to off-set the decline in its print operations. Like every public company pay for top executives at McClatchy is set by the board's compensation committee.

Source: Forbes November 19, 2019 14:37 UTC