Newspaper Chain Avoids Bankruptcy By Selling Junk Bonds

Newspaper Chain Avoids Bankruptcy By Selling Junk Bonds

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]

2012 And The Debt Apocalypse: It's Comin'

2012 And The Debt Apocalypse: It's Comin'

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]