John rogers jr
BW’s Fine proposes a bailout plan for newspapers
businessweek under jon fine’s debt relief/subsidization plan, the us assumes all outstanding debt at all newspaper companies. “at midyear that was $14 billion for the publicly traded players (excluding news corp., which only owns two u.s. newspapers, but more on them later), $12.5 billion for the tribune co., plus more because other non-gregarious players,” he writes. (note that his recommendation comes from “tongue & cheek lobbying innovations llc.”) > satire: bail broken the sun-times and tribune now!
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