Wednesday, December 21, 2005

Jackson's loans come due Tuesday

Unless something can be worked out in the next six days, the owners of the Carthage Press, the Neosho Daily News and the upcoming Joplin Daily may soon own a portion of the Beatles' song catalog.
Lawyers for the catalog's current owner, pop star Michael Jackson, are trying to renegotiate $200 millions in loans, which are held by Fortress Investment, which earlier this year bought Liberty Group Publishing, which owns the Press, the Neosho Daily, and the Big Nickel, as well as approximately 300 other publications.
If no agreement can be reached, Jackson's will default on his loans, which come due Tuesday, according to Reuters.

1 comment:

Anonymous said...

A flurry of posts from Turner. Must be Christmas break.