Dude, Where's My Paper?

If you thought the New York Times was tilted left, wait until you discover that their balance sheet is entirely upside-down:

If you ignore the potential sale-value of the New York Times’s consolidated businesses (New York Times, Boston Globe, Regional papers), the company has a severely negative net worth. Specifically, it owes about $400 million more than it has. The majority of this money is owed in the next six months, moreover, so this is not some far-off concern.

There’s a word for the NYT’s situation. Insolvency.

Maybe they can get their hands on some of that 700 billion floating around (and out of) Washington, DC. Tell me again why President-Elect McCain supported that legislation?

Oh, wait…