RickStain said:All of this issues would have been addressed without a shutdown if the owners were properly capitalized for starting a new business.
mustangj17 said:RickStain said:All of this issues would have been addressed without a shutdown if the owners were properly capitalized for starting a new business.
Aren't the owners veterans of the newspaper business who have owned newspapers since the 60s? I am pretty sure they know what they are doing.
RickStain said:How did they get their original newspapers? Were they pre-existing or did they start them from scratch?
They said earlier they had two months' expenses as starting capital. That's never enough to start a new business, and it was predictable what would happen back then. And sure enough, they didn't even make it a week in their first attempt.
Peg McNichol said:RickStain said:How did they get their original newspapers? Were they pre-existing or did they start them from scratch?
They said earlier they had two months' expenses as starting capital. That's never enough to start a new business, and it was predictable what would happen back then. And sure enough, they didn't even make it a week in their first attempt.
Twice in Detroit and in at least two other cities, they started papers from scratch.
Peg McNichol said:RickStain said:How did they get their original newspapers? Were they pre-existing or did they start them from scratch?
They said earlier they had two months' expenses as starting capital. That's never enough to start a new business, and it was predictable what would happen back then. And sure enough, they didn't even make it a week in their first attempt.
Twice in Detroit and in at least two other cities, they started papers from scratch.
Fredrick said:The photo editor's blog was pretty interesting. I don't even know what to say about it.