Sunday, February 7, 2010

Seattle Times Co. restructures debt, gets some breathing room

The Seattle Times Co. announced Friday that it has inked an agreement to restructure its debt, ensuring long-term survival of the company.

"The Seattle Times is here to stay," the company said in a full-page ad in Friday's paper. "A year ago, rumors suggested that our days were numbered. While we continue to navigate through a slow recovery, we felt it important to put these rumors to rest."

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