OD doesnt cover its own bankeuptcy fi...
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U R A Genius

New York, NY

#21 Sep 29, 2013
6 A is where they put the most important articles.
I'm so glad you found them and enlighened us all.
Buying 33 more newspapers

New York, NY

#22 Sep 29, 2013
U R A Genius wrote:
6 A is where they put the most important articles.
I'm so glad you found them and enlighened us all.
Well they did publish it and what is interesting the parent company is expanding their newspaper holdings while under bankruptcy. Sounds like the US government; keep increasing the debt and hope things will work out in the end....

"The newspaper business probably hasnít worked out as planned for the Fortress Investment Group, which eight years ago began buying up local papers across the country, including about 100 in Massachusetts.

The publisher it created and controls, GateHouse Media, has never made an annual profit as a public company, and last week filed for bankruptcy under the weight of nearly $1.2 billion in debt. Nonetheless, Fortress has embarked on a complicated series of moves that encompass the purchase of 33 more papers, including the Cape Cod Times and the Standard-Times of New Bedford, and a deal with creditors that would allow GateHouse to emerge from bankruptcy virtually debt free.

If all this succeeds, Fortress and its affiliates will control nearly every newspaper south of Boston."

http://www.boston.com/business/news/2013/09/2...

Since: Sep 13

Boston, MA

#23 Sep 29, 2013
News papers are dying everywhere.... I'm surprised the Observer Disgrace has mad it this long...
Fort Stanwix Face

Schenectady, NY

#24 Sep 29, 2013
Cosmic Hurricane wrote:
News papers are dying everywhere.... I'm surprised the Observer Disgrace has mad it this long...
Needs to just die but I'm sure the city of utica will put an OD tax on everything before that happens.
Mind Control

Tampa, FL

#25 Sep 30, 2013
This is how the democrats control the media. They dont care about profit! Wake up!

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