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To: Secret Agent Man
If the 91 year old dies next year, his relatives would only get 45% of Newsweek.

Assets = Liabilities

The last time I looked $0 X .45% = $0

And the offspring will still run the company. (for a while)

62 posted on 08/02/2010 10:59:28 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one.)
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To: Texas Fossil

The taxpayers will pay for Newsweek since the losses will be written off and carried forward.


66 posted on 08/02/2010 11:19:52 AM PDT by jimbo123
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