If you’re a fan of professional print journalism, you may be a little worried as of late. Denver’s Rocky Mountain News just closed its doors after nearly 150 years in the news game. Meanwhile the San Francisco Chronicle and the Seattle Post-Intelligencer are both on life support. Even the New York Times, the largest newspaper in America, has cut its dividend and mortgaged its headquarters for $225 million.
It seems clear that the age of broadsheet newspapers is coming to an end,…
If there’s one provision in the GM/Chrysler bailout that I just don’t get, it’s the suggestion that the automakers must be financially viable by March 31st next year or they will have to repay the loans.
Unless I’m missing something, if you’re not financially viable, repaying $17.4 billion will be just a tad difficult. This will presumably force those automakers into Chapter 11, which is what the bailout was meant to avoid, at least partly to avoid the “ripple effect” that the…
|
|
 |
 
 
|
Loading ...