Next Step for Newspapers: Bankruptcy?
Despite some positive news yesterday, many newspaper companies are in financial trouble and will continue to slip further and further into debt. On his blog Reflections of a Newsosaur Alan Mutter offers a potential solution: file for Chapter 11 bankruptcy.
The protection offered by doing this would, among other things, allow “the ability to terminate the restrictive and anachronistic labor contracts that stand in the way of the efficient operation of a company that is literally fighting for its life,” Mutter writes.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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