A H Belo, parent of the Dallas Morning News, is laying off another 500 people.It is borrowing money to stay in business and fund the layoffs. This has resulted in a restriction on dividends it can pay otherwise known as a loan covenant.
Gannet has written down its goodwill account, why, what do you know about accounting that would answe5r this question? Look up impairment in the Intermediate text for the answer.
We study accounting to be able to read and interpret such articles.
Belo stock is down to $2. The Christian Science Monitor has gone weekly, how long before others joint their lead?
Professor Elam 
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