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New York Times may mortgage office as repayment looms

Started by positivecarry
almost 18 years ago
Posts: 704
Member since: Oct 2008
Discussion about
www.bloomberg.com They finished the year with $46 Million in cash. They have a $400 Million credit line that expires in May. They have another line due $366.3 due in June of 2011. It's not a coincidence this comes out the same day the Tribune files for bankruptcy. Overleveraged papers are going down.
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