like the's no mo times mirros. ere's noore knht ridde these we the besthains ofewspaper in ameca anded when pple ask,why did dean sgleton cose to se to alde , that'not quite e way th it worked. was reay not appriated athe time s that hmade a choice finance s company rough debt, ndreds of millions of dollars in debt floated to the puic and public bondholders. if aompany gets into financl troubl bondholrs have morpower th stockholderso. back ', 09 an 10, we stl thoughwe couldin the batt. d we sti had som ght le in us. t we coun't dot and haveebt. soe negotiedith our 60r 70 lenrs to cvert the debt to equitynd becomour partrs (music i di't expecsomebody to go y up thehares, but th starteduying shes. you coulsee the ndwritin the wal (mic) at happe to you the siness y're in, doest make t returns at it onceid? and ere's noa lot of go options whenou getnto thatosition. (music i an i would havprobably foht untilhe end ii hadn'ttruggledith multle sclesis. t if i had syed, theesult woulhave beethe same i an, i wod have c as many costs aalden's t. the onlyeople le that wod buy a nepaper, we wa s

famouchains. ke the's no mo times mirros. ere's noore ight ridr.s newspaps in arica andhe chain emselvesollapsed when pple ask,why did dean sgleton cose to sell to aln? , thas not quitthe way at it worked. was reay not appriated athe time s thate made a choicto financhis companthrough debt, hundreds of millions of dollars in debt floated to the blic and public bondholders. if company gets into financl troubl bondholrs have morpower th stockholderso. back ', 09 an 10, we stl thoughwe couldin the batt and wetill hadome fight leftn us. but we cldn't do i d have dt. so we netiated wit r 60 or lenders convertheir debto eqty and bome our rtners (mus) i di't expecsomebody to go y up thehares, but ey start buying ares. you uld see e handwring on theall. usic) at happe to you the siness y're in, doest makehe retur at it onceid? and ere's noa lot of go options whenou getnto thatosition. (music i an i would he probab ught unt the endf i hadn struggl with muiple scrosis. t if i h stayed,he resul uld haveeen the me. mean, i uld haveut as many costss alden'cut.

like there's no more times mirros. there's no more knight ridder. newspapers in america and the chains themselves collapsed. when people ask, why did dean singleton choose to sell to alden? , that's not quite the way that it worked. what was really not appreciated at the time was that he made a choice to finance his company through debt, hundreds of millions of dollars in debt floated to the public and public bondholders. if a company gets into financial trouble, bondholders have more power than stockholders do. back in'08, 09 and 10, we still thought we could win the battle. and we still had some fight left in us. but we couldn't do it and have debt. so we negotiated with our 60 or 70 lenders to convert their debt to equity and become our partners. (music) i didn't expect somebody to go buy up the shares, but they started buying shares. you could see the handwriting on the wall. (music) what happens to you if the business you're in, doesn't make theeturns that it once did? and there's not a lot of good options when you get into that position. (musi

mirro speaks for the first time as president of the new revolutionary council. [ speaking foreign language ] now the cubans are united. the mrp has joined the new coalition reluctantly. they don't like the way the cia is dominating the operation. but they assume the united states' participation ensures the effort's success. they don't want to be left out of any new cuban government. and they feel they've reached a satisfactory understanding with the cia. at this moment in washington, the president is under heavy pressure. he is being pressed to okay the invasion plan. a major source of this pressure is cia reports on what is happening inside cuba. >> we knew that the cuban pilots were being trained in czechoslovakia. we knew they were going to have very shortly available under cuban direction, and i'm inclined to think if a move were to be made short of intervention, probably this is the area of time it had to be made. >> another source of pressure is the guatemalans. unrest is growing there. the communists and the army are demanding removal of the brigade from the camp. the government fee