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Yes, I see, managing a declining business can be done profitably, and they might have other assets the fund will sell.
by aurizon 5y ago
Yes, I see, managing a declining business can be done profitably, and they might have other assets the fund will sell.
- hogFeast 5y agoI think some newspaper groups in the US had TV stations. I know some newspaper groups that own printing works have tried to sell those too. But, generally, no. The reason to buy newspapers is using the cash flow to turn around the business (again, it is very unlikely that you will survive doing this as a public company, so there is a reason to sell to a privately-run distressed asset specialist).
- aurizon 5y agoTrue, they know how to break it up and sell some assets and shed some obligations, like pensions...