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As if Google weren't menace enough, newspaper companies are finding themselves undermined by another modern innovation: the credit default swap.In the cover story for the The Deal magazine published Monday, Richard Morgan tells about the dire situation Gannett Co. (NYSE:GCI) finds itself in after nearly three-quarters of bondholders, hedged with...
Posted on June 23, 2009 12:03 PM
The ailing newspaper industry isn't getting a bailout from Uncle Sam as it's squeezed by weakening demand and lost ad sales to rival Web properties.Word just came in that debt-ridden newspaper and television company Tribune Co. filed for bankruptcy Monday. Most of Chicago-based Tribune's debt came from a buyout by...
Posted on December 8, 2008 2:14 PM
Add another newspaper owner to the list of those selling off assets. Cox Enterprises Inc. plans to sell dozens of daily and weekly papers, along with its direct mail division, ValPak. The company will retain the Atlanta Journal-Constitution, which reported Thursday that Cox will also hang on to flagship papers...
Posted on August 14, 2008 12:18 PM
Here's an optimistic thought about the future of the troubled newspaper business: With all the different things people are trying, somebody must be getting it right.Tuesday's news is that Gannett Co. Inc. will buy out partners Tribune Co. and McClatchy Co. in ShopLocal LLC, a marketing and database services company,...
Posted on July 8, 2008 11:38 AM
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