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Not totally worthless, but most likely not worth the full $700M. They have $2.2B in Plant/Property/Equipment on their balance sheet. Then they have $500M+ of goodwill and intangibles. And only $500M of equity, which is constantly declining quarter after quarter. One stupid move, and the equity is easily wiped out, leaving debtholders with goodwill and a bunch of newspaper printing equipment.



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