Shutterstock buys PicMonkey for $110M, DocuSign raises full year guidance, and Hot Pod will be The Verge’s first paid product.
McClatchy
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Hedge fund Chatham Asset Management wins the bid to buy the McClatchy Company in a deal estimated to be worth more than $300 million.
To try to cut costs, McClatchy announced that it will close seven of its newspaper locations with the intent of opening new locations in
Reddit co-founder resigns from board, calling for a Black successor; DocuSign benefits from social distancing and remote work; and The Athletic lays off 46.
Two of McClatchy’s biggest creditors make a bid to buy the company, which is in Chapter 11 bankruptcy.
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