McClatchy promises more journalists and an expanded Sunday print edition — for The Kansas City Star and three others, at least

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When a hedge fund acquires a newspaper chain, cuts, cuts and more cuts ensue, right? That has proven true for Alden Global Capital, most recently after it took over Tribune Publishing in late May.

But perhaps budget slashing is not the only move for Chatham Asset Management, which bought McClatchy out of bankruptcy roughly a year ago.

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