The study examines financial factors that magnified the collapse of the US newspaper industry in the mid-2000s when advertising revenues plummeted. The study shows how goodwill, debt and leverage magnified the collapse and hastened the bankruptcy of a number of newspaper companies. The study also tests the applicability of Altman's Z-score model for predicting bankruptcy of newspaper companies.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.