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"Because of the construction of a new press, the Denver Newspaper Agency debt totaled about $130 million as of Sept. 30, according to a regulatory filing. But the interest-only loan carries a very favorable annualized interest rate of less than 3 percent, depending on the formula being used. The loan, however, is due in full in October 2010, meaning the debt would need to be refinanced."
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James Surowiecki's New Yorker piece on the waning fortunes of newspapers. What's really odd about this piece is that the "Wisdom of Crowds" author actually doesn't seem to have anything of value to add to this discussion. Kinda disappointing…
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"ASSME is a support organization for newly downsized members of the magazine, newspaper, book publishing, advertising, TV and web industries. Through time-tested methods (alcohol, social interaction), we seek to sustain and inspire this beleaguered professional subclass.
"ASSME came to life during the waning days of 2008, when terror stalked the media landscape. Magazines folded, newspapers went bankrupt, publishers quit acquiring manuscripts altogether. Man, did it suck. Drinking was all we had left."
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"I was asked to compile a guide for reporters to using Facebook and the social web in general. Here's my response…"
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Intriguing exploration of how public transit agencies (or their riders) could provide bus/train-specific updates via Twitter or other microblogging tools. Check out the comments, good brainstorming. This could be VERY practical.
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