The New York Times Cash Crunch
Ryan Tate · 12/10/08 04:57AM
Though apologist analyst were apparently out in force, and though the firm bragged about selling $1 million in Barack Obama knicknacks (whee!), there was no hiding the New York Times Company's financial distress at a bank's media conference in New York Tuesday. The most alarming report in the wake of the event: Word that the Times will try to renegotiate at least some of its more than $1 billion in debt and is preparing to do without much of a $400 million credit line expiring in May.