Gannett woes

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.

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