While Carlos Slim's $250M cash injection gives New York Times (NYT) some breathing room, it does nothing to solve its long-term issues, Fitch's Mike
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While Carlos Slim's $250M cash injection gives New York Times (NYT) some breathing room, it does nothing to solve its long-term issues, Fitch's Mike Simonton says. "It will be even more challenging for the company to generate positive free cash flow in 2009 with this new, heavy interest burden." The 14.1% notes may cost NYT $35M a year in interest.
Posted by expathos (#1) 1216 days ago (http://seekingalpha.com)Meet The New York Times' New (Very Expensive) Bank: Carlos Slim
Posted by expathos (#1) 1216 days ago (http://seekingalpha.com)
Peter Kafka submits: It’s a done deal: billionaire Carlos Slim has given the cash-strapped New York Times (NYT) $250 million worth of breathing
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