Credit crunch hits the till
Friday, October 31st, 2008
A great article in today’s WSJ about about accounts receivable. A few months out, this is going to be what puts players like NYT, with huge AR and only a little money in the bank, out of business. NYT has roughly $700 million in billings a quarter; if its AR extends out even 15 days further, its $45 million in the bank is gone.