The McClatchy company, which today announced its total revenue fell more than 19% in November due to a continued drop in advertising sales, is apparently looking to unload one of its largest properties – The Miami Herald.
Last week, multiple reports, starting with one from the NYT, indicated McClatchy’s intention to sell the Miami paper to ease some of its heavy debt load. And even though the company was not commenting, the Herald itself printed the news of the potential sale in its own paper. Word is that El Nuevo Herald will also be put up for sale.