Crosscut Seattle
McClatchy tells the SEC that the value of its 49.5% share of the Seattle Times Co. dropped 12% between January 1 and June 30. McClatchy put the Times Co.'s carrying value on its books at $89.9 million, down from $102.2 million at the end of 2006, reports
Bill Richards. When McClatchy bought Knight Ridder in late 2005 and inherited its Seattle Times Co. stake, KR's investment advisor valued the Times' minority share at $286 million.
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About 250 McClatchy call center jobs to be outsourced to APAC (E&P)
