chicago
NY Times Expands Growth Plans, Despite Ad Woes
In the fourth quarter of 2009, when other huge newspaper companies were experiencing a mild turnaround, The New York Times Co. recorded a 14.7% drop in advertising revenue, according to its year-end earnings report.
Owner of Pizzeria Uno Files for Bankruptcy Protection
Massachusetts-based Uno Restaurant Holdings Corp., owners of the Pizzeria Uno restaurant chain, filed for Chapter 11 bankruptcy protection Wednesday. As part of its restructuring, the company has agreed to convert $142 million in senior secured debt into a 96% equity stake in the company, giving it what Uno's website refers to as the "resources to invest in its growth opportunities."
