The Star-Tribune disputes a New York Post story that it’s about to go bankrupt but I wouldn’t say this sounds positively optimistic (my emphasis):
“The Star Tribune currently has sufficient liquidity and is current on all its debt payment obligations,” Harte said in a statement issued Sunday afternoon. Pressed further, he said the newspaper would not miss a debt payment this year unless things worsened.
Bets, anyone? Add this to Tribune Company having to sell Newsday to raise cash to handle its debt and Journal Register facing a debt crunch. The slope is getting slipperier and steeper.
