Can Citadel Broadcasting survive?

[Sean Smyth]

marklaurence@mac.com wrote:
> Actually, I think the bigger problem for print is also consolidation 
> financed by debt.  Twenty years ago many newspapers were family-
> owned and largely debt-free.  Then they were bought out, by Gannett,
> Media General, McClatchy, etc., financed by huge loans at high
> interest rates.  And because all this borrowed money was floating 
> around, the prices and the interest payments have kept soaring.
> 
> Until recently, that is.  Doesn't this all sound just like the
> housing 
> mortgage foreclosure story?

It does, and the bubble is bursting for those of us on the print side
pretty badly. I'm seeing lots of talented colleagues lose their jobs,
and it stinks.


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