Article

2008-12-09 Home Front Economy

New York Times to Borrow Against Building

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Posted by Fred 2008-12-09 00:00|| || Front Page|| [11134 views ] Top

#1 Yeah. A junk bond now.

Screw you NY Times. Ya punks.

Hmm, what to do with the building....
Ponder.

Posted by newc">newc 2008-12-09 01:55|| 2008-12-09 01:55|| Front Page Top

#2 Oh, this will end well.

Posted by Plastic Snoopy 2008-12-09 02:42|| 2008-12-09 02:42|| Front Page Top

#3 On the bright side, it is alleged that a conservative in Alabama now owns a large chunk of the Times, and could oust the Sulzburgs for their demolition of the Time's value -- and reputation.

Posted by OldSpook 2008-12-09 03:13|| 2008-12-09 03:13|| Front Page Top

#4 Not about the NYT, but close enough.

I was walking the streets of Washington, the streets I grew up in, last night. I found myself in front of the Washington Post building again, looking up, this time not longingly. This time I laughed. Let the future begin.

Matt Drudge, National Press Club, 1998

Posted by Chuck 2008-12-09 05:06|| 2008-12-09 05:06|| Front Page Top

#5 After seeing the Clintons sell the White House to the Chinese, little surprises me.

Posted by Besoeker 2008-12-09 06:14|| 2008-12-09 06:14|| Front Page Top

#6 Fear not! The Democrats will bail them out with your tax money.

Posted by DMFD 2008-12-09 07:01|| 2008-12-09 07:01|| Front Page Top

#7 No one can oust Pinchie except his own family. The publicly-traded shares are class A and are non-voting. The family owns class B shares which vote.

Posted by Steve White 2008-12-09 08:09|| 2008-12-09 08:09|| Front Page Top

#8 well the family has lost a LOT of money. Heh

Posted by Frank G">Frank G 2008-12-09 08:23|| 2008-12-09 08:23|| Front Page Top

#9 Die, you bastards!

Posted by Jolutch Mussolini7800 2008-12-09 08:34|| 2008-12-09 08:34|| Front Page Top

#10 Fear not! The Democrats will bail them out with your tax money.

Cause God forbid they use their own money. Why not send out a message that every good party member should have a subscription? Because even they know a losing proposition when they see it and have no interest in pouring 'their' money into a pit.

Posted by Procopius2k 2008-12-09 09:08|| 2008-12-09 09:08|| Front Page Top

#11 Hopefully they default and the building is seized as collateral.

Posted by DarthVader 2008-12-09 09:50|| 2008-12-09 09:50|| Front Page Top

#12 Junk Rating on their paper...

Posted by Bright Pebbles 2008-12-09 10:35|| 2008-12-09 10:35|| Front Page Top

#13 The fact that they spent this kind of money on a new headquarters last year tells you how divorced from reality Pinch is.

This money only gets them through May. What do they do for an encore?

Posted by Frozen Al 2008-12-09 12:06|| 2008-12-09 12:06|| Front Page Top

#14 Shareholder lawsuit. THose B shares will be forcibly converted.

Posted by OldSpook 2008-12-09 12:55|| 2008-12-09 12:55|| Front Page Top

#15 The Dems should bail them out -- using their franking budget.

Posted by regular joe 2008-12-09 13:10|| 2008-12-09 13:10|| Front Page Top

#16 But how would one get the smell out?

Posted by swksvolFF 2008-12-09 13:20|| 2008-12-09 13:20|| Front Page Top

#17 I love watching train wrecks in slo-mo!

Posted by gorb 2008-12-09 13:29|| 2008-12-09 13:29|| Front Page Top

#18 Murdoch will end up making Pinch his bitch sometime in 09. Just watch.

Posted by Classical_Liberal 2008-12-09 13:53|| 2008-12-09 13:53|| Front Page Top

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