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The 'D' Word – Default – Is Being Pointed At Some US Newspaper Groups As Print Advertising Revenues Tank, And Even That 10% Employee Cull At McClatchy May Not Be Near Enough
Philip M. Stone June 18, 2008
A Standard & Poors (S&P) analyst has really put the cat among the pigeons by naming four US newspaper groups she thinks could be in danger of defaulting on their debt, and there are others out there she didn’t mention that are already on the edge.
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