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May 18, 2009

NYT: NYT Might Not Make It Until 2012

Aw. That stinks. How will we know who to vote for without their able assistance?

Can The New York Times’s ownership and business be sustained into the teeth of historic changes in the media?
First to the broader issue of ownership: Several reports have suggested that the capital structure of The New York Times Company, with $1 billion in debt and declining revenue, means it will be kicked into play. It makes for a tangy news narrative but lacks logic. The company is well within its existing debt covenants, and two transactions — a sale-leaseback of the building and a $250 million loan that included warrants from the Mexican industrialist Carlos Slim Helú — probably have given it the wherewithal to operate into 2011.

Probably. And this is from the NYT itself. Which is weird.

posted by Ace at 01:59 PM

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Webb (D-VA): Hey, What's The Rush To Close Gitmo? » May 18, 2009 NYT: NYT Might Not Make It Until 2012 Aw. That stinks. How will we know who to vote for without their able assistance? Can The New York Times’s ownership and business be sustained into the teeth of historic changes in the media? First to the broader issue of ownership: Several reports have suggested that the capital structure of The New York Times Company, with $1 billion in debt and declining revenue, means it will be kicked into play. It makes for a tangy news narrative but lacks logic. The company is well within its existing debt covenants, and two transactions — a sale-leaseback of the building and a $250 million loan that included warrants from the Mexican industrialist Carlos Slim Helú — probably have given it the wherewithal to operate into 2011. Probably. And this is from the NYT itself. Which is weird. posted by Ace at 01:59 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Seems Legit: "How odd, I thought everyone understood that electr ..." rickb223 Gold & Silver Spot Prices [s][/b][/i][/u]: "You’d think they would’ve come up with ..." Commissar of Plenty and Lysenkoism in Solidarity with the Struggle : "MiG-29 has two sets of intakes Bonus hole. ..." It's me donna : "270 242 To be fair, Elon did advise that there isn ..." 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