Not surprisingly, there’s been a ton of news of late surrounding the daily newspaper industry, but the summary of it all is that as bad as things are for the dailies, these businesses are incredibly gifted at finding new, imaginative ways to make things even worse.
• Newspaper revenues are down 29%, and papers around the [...]
Avista Capital Partners, owners of the Star Tribune, announced this morning that they did not make their quarterly interest payment on the $96 million in junior debt that accompanied the roughly $330 million in senior debt used to finance the $530 million purchase of the daily newspaper. While CEO Chris Harte reported that the company [...]