Comments on: Cable’s paper http://www.buzzmachine.com/2008/05/03/cables-paper/ by Jeff Jarvis Sat, 05 Jul 2008 12:05:41 +0000 http://wordpress.org/?v=2.5.1 By: tim http://www.buzzmachine.com/2008/05/03/cables-paper/#comment-374490 tim Mon, 05 May 2008 13:17:13 +0000 http://www.buzzmachine.com/2008/05/03/cables-paper/#comment-374490 In fairness, Lee also added $1.5 billion in long-term debt, so the drop in enterprise value hasn't been nearly so dramatic. I'd hate to own any unsecured debt of theirs, though. Like with Tribune, the junior debt holders aren't going to get paid. In fairness, Lee also added $1.5 billion in long-term debt, so the drop in enterprise value hasn’t been nearly so dramatic. I’d hate to own any unsecured debt of theirs, though. Like with Tribune, the junior debt holders aren’t going to get paid.

]]> By: tom coscarelli http://www.buzzmachine.com/2008/05/03/cables-paper/#comment-374322 tom coscarelli Sat, 03 May 2008 16:29:57 +0000 http://www.buzzmachine.com/2008/05/03/cables-paper/#comment-374322 Jeff: My favorite newspaper metric: While Lee paid $1.46 billion for the Pulitzer papers, he pointed out, the stock market value today of the entire chain (which includes 55 daily papers) is only $515 million. That half-billion bucks represents a stunning 63% decline in Lee's stock value over the course of a year. http://www.thedailypage.com/daily/article.php?article=19482 (And this was in Jan.) Jeff:

My favorite newspaper metric:

While Lee paid $1.46 billion for the Pulitzer papers, he pointed out, the stock market value today of the entire chain (which includes 55 daily papers) is only $515 million. That half-billion bucks represents a stunning 63% decline in Lee’s stock value over the course of a year.

http://www.thedailypage.com/daily/article.php?article=19482

(And this was in Jan.)

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