Printer Friendly

Money matters.

On a Saturday, it was reported in the Arkansas Democrat-Gazette that Walter E. Hussman Jr. had purchased the assets of the Arkansas Gazette for $68 million.

On a Sunday, it was reported that Hussman borrowed $69.3 million to buy the Gazette's assets.

Why did Hussman need the extra $1.3 million?

His attorney, Philip S. Anderson of Little Rock, explains.

The purchase price was $68 million. But that was before adjustments were made for the Gazette's cash accounts and the newsprint on hand.

The loan amount was a little more than $69.3 million.

How much more?

"More than $69.3 million and less than $69.4 million," Anderson says.
COPYRIGHT 1991 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Walter E. Hussman Jr. pays an extra $1.3 million for the Arkansas Gazette
Publication:Arkansas Business
Date:Oct 28, 1991
Previous Article:Jobs for journalists.
Next Article:Nature's Pantry.

Related Articles
Hussman's other newspapers.
The death of a lady.
"The fight was no longer mine." (views of John Brummett, former political editor of Arkansas Gazette and columnist of Arkansas Democrat)
The financial forecast.
The legal war: attorneys, brokers helped decide the future of the Arkansas Gazette.
NW newspaper control rests in judge's hands.
Democrat-Gazette looks at northwest Arkansas.
Company mergers, Arena problems highlight 1998 business news.
Arkansas business list: largest daily newspapers.
Arkansas Business list: daily newspapers.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters