I know 5 million in cash and 20 mil in liabilities is a lot of money , but not for a world renowned newspaper in one of the largest cities on the planet earth that's been in business my entire life.
It, like many other papers are folding like wet cardboard tents, a trend most would attribute to disappearing advertising dollars lost to the internet, when in fact most are headed belly up because America can't stomach the leftward lurch most of the print and tv media have taken since the beginning of president Bush 43's first term, that's the real reason for their collective failures.
It, like many other papers are folding like wet cardboard tents, a trend most would attribute to disappearing advertising dollars lost to the internet, when in fact most are headed belly up because America can't stomach the leftward lurch most of the print and tv media have taken since the beginning of president Bush 43's first term, that's the real reason for their collective failures.
Breitbart: "The Chicago Sun-Times said that a group of local investors had made a bid to buy the ailing newspaper, which filed for bankruptcy protection in March.
The Sun-Times said an investor group called STMG Holdings LLC had offered to buy the Sun-Times Media Group, which includes the flagship newspaper and its sister publications, in a deal worth about 25 million dollars.
It said the deal, which would be subject to approval by a bankruptcy court judge, would include up to five million dollars in cash while the investors would take on about 20 million dollars in liabilities."
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