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Latest local news briefs include the filing period opening for local elections, stocks plummeting for the Sacramento Bee’s parent company, and a new playground opening at Northwoods Park.
Stocks plummet 65% for SacBee parent company
The McClatchy Company, which owns the Sacramento Bee and around 30 other regional newspapers, saw its stocks lose 65% in a single day on Friday, following the release of its third-quarter financials. According to a report by the Poynter Institute, which tracks the news industry, shares opened at $1.41 on Friday and closed at just 49 cents. The company’s third-quarter report said the company “will not have the means to make $124 million in pension funding due in 2020,” Poynter reported. (See article)
Challengers file for assembly, education seats covering Citrus Heights
The filing period opened on Tuesday for local races on schedule for next year’s earlier-than-usual primary on March 3, 2020. Local races affecting Citrus Heights include the race for Assembly District 8, currently represented by Ken Cooley (D-Rancho Cordova) and Sacramento County Board of Education, District 4, represented by Joanne Ahola.
As of Nov. 15, county elections records show two Republicans have filed to challenge Cooley: Cathy Cook and Carl Burton. The county education seat has attracted one challenger so far, Pervez Akhtar.
New playground opens at Northwoods Park
The Sunrise Recreation and Park District published a live video showcasing a newly opened playground at Northwoods Park in Citrus Heights on Tuesday. The playground features new slides, swings, climbing bars, a rock wall and more. Rusch Park is also slated to get a new playground later this month. (See video)
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