The State's owners file for bankruptcy
McClatchy, the publisher of The State newspaper, has filed for bankruptcy.
The Sacramento, CA-based publisher is saddled with $794 million in debt.
McClatchy said The State and its 29 other newspapers will operate normally as it reorganizes under Chapter 11 bankruptcy protection.
It wants to unload pension obligations to a federal corporation that guarantees them so employees will get what they were promised.
For further details, see next week's Lexington County Chronicle.