MORE BIG MEDIA FINANCIAL PROBLEMS: “The New York Times Company plans to borrow up to $225 million against its mid-Manhattan headquarters building, to ease a potential cash flow squeeze as the company grapples with tighter credit and shrinking profits.”
Plus, Hey, conservative billionaires, wanna buy a newspaper? And calls for a journalist bailout.
UPDATE: Tribune Company files for bankruptcy. Notice how little blame the declining quality of the news-media product is getting, as compared to discussions of the auto industry’s problems. And yet . . . .