> Obama Regime Report < Obama Regime Report: Investors make offer for Chicago Sun-Times, Piddly 5 Million Cash

Today's world headlines

Wednesday, September 9, 2009

Investors make offer for Chicago Sun-Times, Piddly 5 Million Cash

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.

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."


The urge to save humanity is always a false front for the urge to rule it. H. L. Mencken

No comments:

Post a Comment

Some rules: No leftwing attacks nor Obama supporters so don't waste you're time & especially mine. All 99% others welcome to have your say.

Web chicagoray.com

One last thing...Fair Use, Photoshop Usage, Legal

Statement on Fair Use

This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner or may be authorized or licensed for publication at this site only. Permission to copy, republish or reproduce such material must be obtained from the original copyright owner PHOTOSHOP STUFF.....When the photoshops appear on this site they either have my name on them becuase I made them or tweaked an original in which case I link to the original by clicking the pic. Please take all you want, that's why they're here, just leave the name as is like I do, and I would be eternally grateful. Ask and I'll tweak it for your site if you need it... More here

Back To The Page Top