[New York Times Co.] must deliver $400 million to lenders in May of 2009, six months from now. The company has only $46 million of cash on hand, and its operations will likely begin consuming this meager balance this quarter or next. The company has been shut out of the commercial paper market, but has a $366 million short-term credit line remaining that it entered into several years ago, when the industry was strong.Maybe Murdoch will make an offer.
Under the Fedora: Who Needs Norms Edition, No Trials, No Attacks, No
Choices in Michigan, In London No Jews, and Dostoevsky Democrats
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For the first time in history an impeachment sent to the Senate didn’t
produce a trail because the Democrats didn’t feel like having one. It’s
amazing how ...
35 minutes ago
Murdoch?
ReplyDeleteHe couldn't even keep the New York Sun afloat.
Maybe a portent of things to come for the ideology as a whole....