We've got $1.4 billion in new debt to service ... falling viewership and readership ... dropping ad rates ... declining revenues ... no election year advertizing bonanza to prop us up ... very few employees left to lay off ... only $300 million in working capital which will keep us afloat for another couple of years ... providing interest rates don't take off and we manage to meet a number of undisclosed loan covenants ... and that's why we can truthfully say that we have emerged as a dynamic multi-media company with a great mix of profitable assets, powerful brands in major markets, and sufficient liquidity for operations and investments!
Dead man squawking.
These scumbag Democrat propaganda organs don’t die easily.
Just take one of the standard applications off the pile there, and cross out where it says “solar energy company” and write in “newspaper”...
Assets??? I will give them some cash for their tapes of Obama at the Kahlidi ( sp???) Dinner/tribute
Plus, I saw they have ditched AP for Reuters as a “cost cutting” measure! LOL I thought it was simply because Reuters was more even anti-American than AP and, thus, fit their few remaining readers better.
Oldplayer
...with the expectation of a Federal bailout (most likely an EO imposing a fee on your internet service, to be used “to support responsible journalism”.