The Future of Print

New York Times (NYT): November Horrible, We Need Cash

Posted in Doom by futureofprint on December 17, 2008

Summary:

  • November ’08 was even worse than October
  • $225 million from mortgage or sale of building will go to paying down long-term debt (i.e., won’t be used to fund operations)
  • Still in discussions with lenders about $400 million debt facility coming due in 2009 as well as other debt coming due in 2010
  • Considering public offerings or private placements (of debt or equity?)

Read full article

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: