Waxahachie Daily Light
Posted in the Waxahachie Forum
#1 Jan 7, 2013
"ACM violated a $133.7 million loan agreement in 2009, and a group of lenders took over the company from Macquarie subsidiary Southern Cross Media Group in 2010. Those creditors include Australia and New Zealand Banking Group, CIT Group, GE Commercial Finance, Macquarie Bank, National Australia Bank and Royal Bank of Canada"
This is why they are cutting back everywhere. Neal White is either misinformed or intentionally misleading readers.
I work in Alice. Our paper is owned by same company as Daily Light. Our publication days have been reduced, paper shrunk, press room closed and all production moved elsewhere. Even our building is for sale. ACM is cutting everything to raise profits for the banks who own it since the company defaulted on loans.
Money first quality second is the new way for the company. Mr. White needs to do a little better job telling the facts.
#2 Jan 23, 2013
Welcome to the world of cutthroat media,.
#3 Jan 28, 2013
ACM sucks the big boner.
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