New York Times to mortgage its building

Henry Blodget's fears about the company's cash flow may be sounder than first thought.  The company is raising over $200 million by mortgaging its share of the brand new Eighth Avenue headquarters.  That seems to indicate that they're anticipating a cash flow problem next year.

This article available online at:

http://www.theatlantic.com/business/archive/2008/12/new-york-times-to-mortgage-its-building/4436/