The Future of Print

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

Posted in Doom by futureofprint on December 17, 2008


  • 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?)

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