posted by leo
on Tue, 07/15/2008 - 23:02
It's one thing to say advertising is down but was that the best moment to lay another $13 billion in debt on the thing? You don't throw an anchor to a man barely threading water.
Maybe the corporate model is no longer right for local media. It seems like everyone is just cashing out and leaving behind a bunch of smoking wrecks. Maybe it's back to mom-and-pop.
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