Debt in underfunded pensions, declining revenue and margins, weak cash...$1.1 billion in total debt coming due in later years.
The New York Times company’s legal structure would allow it to declare bankruptcy for the Boston Globe without jeopardizing its other properties, according to a lawyer quoted by The Herald. This is because The Globe is a wholly owned subsidiary of the company, as are the Times and some other holdings.
The Herald also reports that politicians are coming out to support the Globe, which raises the question of how the paper will cover them in the future.
These socialist papers are wholly owned subsidiaries of the Democrat party (or vice versa). Whichever, they’re working in concert to destroy the constitution and our liberty. Next we’ll see Obama’s Marxist government bailing them out. The “free press” is a relic of the past.