Thursday, February 12, 2009
More on the Morris Mess
Media Watchdog Alan D. Mutter's analysis of the daily newspaper industry:
Six of the 11 publishers covered in today’s edition of the Default-O-Matic either are at the brink of default or already have gone over it.
The publishers most likely to be unable to satisfy the terms of their debt are MediaNews Group and Morris Publishing, according to the latest ratings from Moody’s Investors Services, a company hired by borrowers to gauge their likely ability to repay their debt. Click here for more...
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