"Maine newspaper chief says dailies may be closed
The president and chief executive of Blethen Maine Newspapers Inc. says its dailies in Portland, Augusta, and Waterville may have to be shut down if its parent company winds up in default and its Maine assets cannot be sold. In an affidavit filed in US District Court, Charles Cochrane said Blethen Maine and The Seattle Times Co. face severe financial problems that threaten their ability to pay lenders and meet financial covenants, such as having sufficient revenue and cash flows. Blethen Maine's assets, which include the Portland Press Herald, the Kennebec Journal in Augusta, and the Morning Sentinel in Waterville, were put up for sale in March (AP)."
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AmeriKa's Media and Internet Truth-Tellers
AmeriKan MSM Can't Compete With Blogs
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