Brian Tierney is CEO of Philadelphia Media Holdings, which publishes Philadelphia's Inquirer and Daily News and has missed loan payments since June. Pennsylvania Gov. Ed Rendell's spokesman says Tierney has had "a number of conversations" with Rendell about receiving state money that "could come from a number of revenue streams."
The Wall Street Journal designated this "the worst bailout idea so far" and "nuts in eight different ways," noting that the investors Tierney led in purchasing the two newspapers put up only 20 percent in equity, making them typical of "Americans who borrowed too heavily during the credit mania."
Government control of the media comes right out of Karl Marx Communist Manifesto.
It is pretty quiet on here. Everyone must be out converting their money to gold in preparation for the total failure of the US economy that Obama's socilism is almost certain to cause.
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Brian Tierney is CEO of Philadelphia Media Holdings, which publishes Philadelphia's Inquirer and Daily News and has missed loan payments since June. Pennsylvania Gov. Ed Rendell's spokesman says Tierney has had "a number of conversations" with Rendell about receiving state money that "could come from a number of revenue streams."
ReplyDeleteThe Wall Street Journal designated this "the worst bailout idea so far" and "nuts in eight different ways," noting that the investors Tierney led in purchasing the two newspapers put up only 20 percent in equity, making them typical of "Americans who borrowed too heavily during the credit mania."
Government control of the media comes right out of Karl Marx Communist Manifesto.
It is pretty quiet on here. Everyone must be out converting their money to gold in preparation for the total failure of the US economy that Obama's socilism is almost certain to cause.
ReplyDeleteA Berlin Resident said:
ReplyDeleteI bet that gold will be the only place to have your money. My money in the market went to hell!