Bankruptcy court approves McClatchy’s mediation request, fueling hope of resolution

Bankruptcy court approves McClatchy’s mediation request, fueling hope of resolution

A federal bankruptcy judge on Tuesday ruled that McClatchy Co. can enter mediation with its creditors in two weeks, keeping alive hopes of a timely restructuring of the nation’s second-largest local media company while giving a key government agency time to look into a transaction it has questioned.

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