Tuesday, February 03, 2009
The Media - in the bailout line?
This will be interesting.
Personally, I can't even imagine a world where a government would loan money to a newspaper that couldn't make it on it's own.
I think we're on a slippery slope with stuff like this...
Personally, I can't even imagine a world where a government would loan money to a newspaper that couldn't make it on it's own.
I think we're on a slippery slope with stuff like this...
NewsBusters Stephen Gutowski writes about it:
"Now, according to an interview between the Philadelphia Bulletin and Pennsylvania Governor Ed Rendell's press secretary, there is little doubt that the Philadelphia Inquirer is indeed requesting a $10 million bailout. The request comes at a time of great financial trouble for the owner of the Philadelphia Inquirer, Philadelphia Media Holdings. The company has been missing its debt payments since June and is in "technical default" according to the Bulletin."
