The fates of two leading newspaper publishers are up in the air

Wednesday is the deadline to submit bids for McClatchy, the bankrupt newspaper firm. This is not your ordinary bankruptcy -- McClatchy is a vital local news source across the USA. The company owns 30 titles in 14 states, from the Sacramento Beeto the Miami Herald. Civic leaders are very concerned about what could come next.
"I would strongly urge the bankruptcy court to consider what's best for our community and Florida when weighing the competing bids for the Miami Herald and the rest of the McClatchy newspapers," Miami mayor Francis Suarez wrote to the bankruptcy court judge in mid-June. Suarez and many others want papers like the Herald to revert to local ownership... but first we have to see who is bidding.