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Gannett woes

Rick Outzen June 23, 2009

The Deal Magazine analyzes the debt obligations of Gannett, owner of the Pensacola News Journal. The company must raise $400 million between now and 2011 in a market where many bondholders would refer default. Moody’s has lowered Gannett bond rating to junk. “Gannett as we know it will be lucky to last through June 2011.” Read more.

Author: Rick Outzen

Rick Outzen is the publisher/owner of Pensacola Inweekly. He has been profiled in The New York Times and featured in several True Crime documentaries. Rick also is the author of the award-winning Walker Holmes thrillers. His latest nonfiction book is “Right Idea, Right Time: The Fight for Pensacola’s Maritime Park.”