Newspapers Get Out Of Bankruptcy By Dumping $2 Billion In Debt

AP Municipal Dump

From Reflections of a Newsosaur:

The four newspaper companies that have exited bankruptcy to date have shed three-quarters of their of debt, collectively trimming nearly $2 billion in burdensome obligations.

In so doing, the publishers will take some pressure off their newspapers to produce aggressive profits during an historic – and ongoing – collapse in advertising sales. But that doesn’t mean the staffs at those newspapers can rest easy.

Read more at Reflections of a Newsosaur >

newspapers chart

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