Tuesday, December 09, 2008

Now the NYT is getting concerns

Following on from the story that Tribune.co has filed for bankruptcy comes news that the New York Times is looking at potential asset sales and is in talks with lenders as it takes a long hard look at the economic prospects for the next couple of years.

Around $400m of debt is due to mature in the middle of next year and with a futher amount due in 2010 the company will be looking at its medium term cash projections.

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