Thursday, April 02, 2009

How to go 'bankrupt' without filing in court

"Those whose owners saw papers as
assets to be flipped, leveraged, and
stripped are already bankrupt."

-- Newsweek's Daniel Gross writing in Slate: "All newspapers -- all print media -- have been hit hard in this recession. All face an existential crisis and may ultimately face the prospect of bankruptcy."

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Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

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