tag:blogger.com,1999:blog-4726844761468242273.post3296012660665098905..comments2023-10-07T05:29:20.923-07:00Comments on McClatchy Watch: McClatchy declares 1st quarter results Thursday -- what will happen to MNI's stock price?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4726844761468242273.post-5660116087653457912009-04-22T20:48:00.000-07:002009-04-22T20:48:00.000-07:00This is but a prelude to one of three forms of res...This is but a prelude to one of three forms of rescue:<br /><br />a) Direct government bailout. Unlikely, since the PR optics of bailing out the MNI would be too bad even for the most doctrinaire liberals to ignore—not to mention officially becoming beholden to the U.S. government would eliminate even the fiction of editorial objectivity.<br /><br />b) Pre-packaged bankruptcy and reorganization/sale/dissolution. This would be much easier to do for a newspaper which, unlike GM, would have a relatively small number of creditors and no suppliers dependent on the Times for their very survival. And as stubborn as the unions at MNI might be, they are neither as powerful, nor as foolish, as the UAW.<br /><br />c) Conversion to a non-profit corporation. This would be the best of both worlds for the Times—a steady supply of foundation monies and the freedom to propagandize without even having to pay lip service to the myth of objectivity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-27199087435296515822009-04-22T20:45:00.000-07:002009-04-22T20:45:00.000-07:00MNI STOCK IS WORTH 10 TIMES THAT OF THE NYT, I SAY...MNI STOCK IS WORTH 10 TIMES THAT OF THE NYT, I SAY. OOOOOPS<br /><br />Analyst: NYT stock could be worth zero. BizJournals <br /><br />A case could be made that New York Times Co. shares are worth nothing as the newspaper company’s debt load threatens to overwhelm its earnings power, a Barclays Capital analyst said Wednesday. <br /><br />“Net debt to (operating profit) is way too high,” Barclays analyst Craig Huber said in a research note. “We could argue the stock to zero given the high debt load.” <br /><br />-snip- <br /><br />"In our opinion, the long-term viability of the company may be at stake, though.”Anonymousnoreply@blogger.com