But for Gannett, there is only one real driving force behind its offer, and that is the need to consolidate as many
print newspaper assets as possible, as cheaply as possible.
Not exact matches
As investor and CNBC financial commentator Kevin O'Leary said when he discussed the deal, the
print newspaper business is heading towards the zero mark, and so the only real approach is to milk those
assets as efficiently as possible.
Clients often associate bankruptcy with being thrown out on the street, all of his or her
assets taken away, and picture
printed on the front page of the
newspaper announcing to the world that he or she filed for bankruptcy.
And as it is with property, so goes the traditional
print media space, where investors have seen accountants significantly write down once extremely valuable
newspaper assets, while debt levels have proven immune to such accounting adjustments.