Wall Street banks committed a bigger crime when they sold overrated mortgage related securities to investors and they got bailed out. So the tribune being required to hold that much cash to stay in business is wrong. You can't tell one company that these are the rules while somebody else plays by their own rules.
Rating agencies say Tribune’s short-term problem is not in making payments on its debt. Instead, the company is struggling to comply with a requirement that its main debt from its acquisition of the company not exceed nine times its earnings before interest, taxes, depreciation and amortization.
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