Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
18 Feb 2021 Acquired The New York Times Company
“The other part is he uses seller's notes again of $600,000 in debt owed back to the creditors that they will pay off over some number of the coming years from profits he'll generate by running this paper that has 9000 subscribers and is bleeding (I think) on the order of about half-a-million dollars a year at this point in losses.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 18 Feb 2021
- Publisher
- Acquired
- Episode
- The New York Times Company
Transcript context
…100%. How does it work exactly? There's $75,000 that he “puts up,” but actually he goes and gets people in Tennessee to put it up, right? Yeah. He had rounded up the money from some people in New York, some people in Tennessee. I think he waved around the letter from Grover Cleveland to a bunch of people. That was a small part of the consideration. The other part is he uses seller's notes again of $600,000 in debt owed back to the creditors that they will pay off over some number of the coming years from profits he'll generate by running this paper that has 9000 subscribers and is bleeding (I think) on the order of about half-a-million dollars a year at this point in losses. You can see if you're Trask or the existing bankruptcy committee, you're like, I think we'll take the merger. This doesn't sound any kind of guarantee. This guy that no one's ever heard of, he’s coming in from Tennessee. You got to sympathize with the original plan.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.