Just when you thought the state of journalism in Milwaukee couldn’t sink any lower…here comes USA Today!

One Response to Gannett to Buy Milwaukee Journal Sentinel

  1. John Casper says:

    Ed, thanks.

    I’d appreciate it if you, Duane12, or someone else with an accounting/finance background could comment. The point of spinning JMG off from Journal Communication was that it was debt free. Now, Gannett just took on $280 million in liabilities/debt to buy JMG. How does JMG ever generate that kind of return?

    Only strategy that makes sense to me is that Gannett is betting someone else will buy them out.

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