Wednesday, July 23, 2008

Perilously funded papers hit the wall

The most precariously financed newspaper deals apparently are starting to hit the wall, wiping out equity investors and causing at least some lenders to try to sell their loans at distressed prices.The lenders who provided the bonds for the $530 million purchase of the Minneapolis Star Tribune in 2006 have hired an investment bank to try to sell the loans at heavy discounts to either local

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