How good is it that the New York Times is looking to borrow money in a down economy with a shrinking revenue base? Apparently the Schultzberger family will take out every penny before going to the government for a newspaper bailout.
And the Tribune Company (LA Times, Orlando Sentinel, Cubs, etc.) sure didn’t last long with their little buyout. They go down in flames with $13 billion in debt and $7.6 billion in assets.
The Obama cheering section continues to get thinner and thinner in the dead stream media ranks.