The Boston Globe is facing either sale or bankruptcy after losing $50 million last year and an expected $85 million this year. Because of the massive losses, selling the paper is difficult to say the least. Any buyer will have to both pay for the company and take on the forthcoming losses.

Because of this, the company is likely facing bankruptcy. With huge losses and little hope of being bought out, the company faces liquidation. This is important for anyone associated with any newspaper because the Boston Globe is 137 years old with over 300,000 readers, a not insignificant publication.

If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.