Newspaper executives are forced to come up with increasingly clever maneuvers to stave off bankruptcy. Lee Enterprises, which owns the St. Louis Post-Dispatch, my daytime employer, the Arizona Daily Star, and several small-town papers will reportedly resort to selling off its debt as junk bonds in order to prevent vulture investors from swooping in and picking at its carcass. [More]
junk bonds
2012 And The Debt Apocalypse: It's Comin'
By 3.16.10
The Mayan calendar ends in 2012, and supposedly those clever Mayans knew something we don’t. The NYT says that if the world does end in 2012 — it’ll spare us from a ridiculous junk bond debt avalanche. [More]
