The Future of Print

Another Newspaper Company Goes Bust – JRC

Posted in Stop the presses by futureofprint on February 23, 2009

It’s worth noting that these early busts can be tied directly to a management decision–specifically the decision to load up on debt. These companies would have survived a lot longer if they hadn’t borrowed so much money.

Shira Ovide, Wall Street Journal: Journal Register Co., the debt-strapped owner of the New Haven Register and 19 other daily papers, filed for Chapter 11 bankruptcy protection Saturday, at least the third newspaper publisher to tip into bankruptcy court in recent months.

Via Business Insider


Leave a Reply

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

You are commenting using your 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: