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The Reader's not the only paper in the news for a recent sale. The Tribune Company has put itself in something of a financial bind by taking on debts, presuming the transaction goes through, of ten times gross earnings, three to five times more than a typical newspaper's debt. Leading, naturally, to speculation that the transaction won't go through. The AP breaks it down thoroughly if somewhat confusingly (I am ignorant of business matters, so it may be clear as day to you).
Tough times, these. I mean, shit, even the storied Weekly World News is joining the newsstand invisible (h/t Mike Licht). And if they can't compete, who can?