Versus 6.56 for NYT, 4.27 for AHC, and 6.56 for MNI. Which one has the weakest balance sheet? Industry transactions taking place at 4 to 5 times EBITDA. Hmm?
I calculate 5.8x Ebitda today. Paying down $90M of debt per year, so project forward and see what you get.
I used the Yahoo #s… always dangerous. LEE looks better when you go to the most recent SEC filing …. 4.9 times. What do you project 2014 EBITDA to be with a ~5% revenue decline?