Originally Posted by mynameisjim

Do you mean the debt from the acquisition that got dumped on them? I just ask because they lost money in 2007 as well. I'm not sure when the deal with them and PH went down.

Sounds like they made the same type of deal that Sam Zell made when he bought the Tribune. Took on a huge load of debt in hopes to be able to pay it off but the marketplace has changed so much all the creditors are looking for their penalty balloon payments.

http://www.newsweek.com/id/173152

BTW, I'm not arguing, just trying to think out loud and figure this thing out as I think it has some ramifications for the long term health of illegal tube sites. I bet some of these sites make 50% of their revenue from AFF and if it tanks, not too many people are going to be in line to pick up that slack.