This explains some things:

This week, investors who purchased loans backing Avista’s buyout of the Star Tribune newspaper learned that the company’s cash flow already is running as much as 20% below Avista’s original financial projections for the deal, which closed just three months ago, according to someone close to the matter. Full-year results also are expected to come in below projections. -- WSJ, quoted here

Posted by: Old Grouch in The Press at 06:03:43 GMT | No Comments | Add Comment
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